Arab Today, arab today berlusconi firm to pay 560millioneuro fine
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Berlusconi firm to pay 560-million-euro fine

Arab Today, arab today

Arab Today, arab today Berlusconi 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.  

arabstoday
arabstoday

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*

Arab Today, arab today berlusconi firm to pay 560millioneuro fine Arab Today, arab today berlusconi firm to pay 560millioneuro fine

 



Arab Today, arab today

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*

Arab Today, arab today berlusconi firm to pay 560millioneuro fine Arab Today, arab today berlusconi firm to pay 560millioneuro fine

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday