berlusconi firm to pay 560millioneuro fine
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Berlusconi firm to pay 560-million-euro fine

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleBerlusconi firm to pay 560-million-euro fine

Milan - Afp
Prime Minister Silvio Berlusconi\'s Fininvest company will pay a court-ordered fine of 560 million euros ($793 million) to a rival media group but said Thursday it will also make a second appeal against the ruling. The damages were ordered in compensation for Fininvest having wrested control of the leading Mondadori publishing house from Compagnie Industriali Riunite (CIR) in 1990 after it bribed a judge to approve a company takeover. \"Following the sentence by Milan\'s appeal court on July 9 concerning the Mondadori affair, Fininvest has decided to pay the sum directly to CIR,\" the company said in a statement. \"The payment, which will be made before July 26, by no means implies the sentence has been accepted,\" it said, adding that the company \"will turn to the final court of appeal\" to challenge the order. The Milan appeals court had reduced by a quarter the original 750-million-euro ($1-billion) damages claim that a civil court had ordered the holding company to pay in October 2009. A judge ruled at the time that Berlusconi was \"co-responsible\" for the bribery of the judge who ruled in favour of Fininvest in the takeover battle. That judge was convicted of corruption in 2007 and sentenced to two years and nine months in prison. The Fininvest lawyer who bribed him was given a sentence of one year and six months. CIR\'s honorary president is Berlusconi rival Carlo de Benedetti. The group runs the weekly news magazine L\'Espresso and the left-leaning daily newspaper La Repubblica -- avid chroniclers of the premier\'s legal woes and sex scandals. The fine represents a major setback for Berlusconi. Days before the court pronounced its verdict, he had attempted to push through a controversial law proposal that would have suspended such fines pending a final ruling by the country\'s highest court. But the last-minute proposal, added to a wider package of austerity measures to be debated by parliament, was widely criticised as a bid to shield Fininvest and the premier was forced to withdraw it. Berlusconi cannot be prosecuted in the Mondadori case, as the facts were legally prescribed in 2001 -- meaning the period for legal action had expired.  
themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

berlusconi firm to pay 560millioneuro fine berlusconi firm to pay 560millioneuro fine

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 11:06 2017 Saturday ,22 April

Cases of Hepatitis B and C Hit 325m

GMT 09:49 2017 Saturday ,16 September

Kazem Al Saher reveals his granddaughter’s gift

GMT 12:08 2017 Monday ,10 July

World's 'oldest' hippo dies at Philippine zoo

GMT 10:03 2017 Wednesday ,21 June

European stocks climb on coat-tails of Wall Street

GMT 15:49 2017 Tuesday ,31 October

BP profits rise as oil prices recover

GMT 09:32 2017 Sunday ,05 November

Nicole Scherzinger unveils debut fragrance Chosen

GMT 13:50 2015 Friday ,30 October

2 British vessels rescue over 540 migrants

GMT 19:41 2017 Sunday ,17 December

Libya’s Haftar announces end of Skhirat Agreement

GMT 08:59 2017 Tuesday ,15 August

Uber board spat over ex-chief Kalanick goes public

GMT 12:15 2017 Friday ,03 November

Roaming male mammoths often fell

GMT 00:38 2017 Monday ,09 October

Royal praise of Bahraini women's advancement lauded

GMT 10:54 2017 Wednesday ,06 September

Spain hit Liechtenstein for eight again

GMT 14:34 2017 Tuesday ,05 December

Jordan sentences Syrian to hang over border bombing
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle