Thursday 18 January 2018

Berlusconi's firm hit for €560m

Italian premier Silvio Berlusconi's family investment company was ordered yesterday to immediately pay €560m to a rival media group for corruption in the acquisition of the Mondadori publishing company -- a devastating sum and a significant blow to the Italian leader.

The Milan appellate court, while upholding a 2009 verdict against Fininvest, reduced the damages from €750m.

The civil damage award stems from a case in which three Berlusconi associates were convicted of corrupting a judge to overturn a ruling in favour of industrialist Carlo de Benedetti in the struggle for control of Mondadori in the 1990s.

Berlusconi's daughter Marina, who heads Fininvest, said the "totally unjust verdict" was part of a campaign against her father.

Sunday Independent

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