Sunday, July 10, 2011

Berlusconi will pay 560 million euros for the Mondadori case

The Court of Appeal of Milan lowered to 560 (from 750) million euro penalty imposed on the business group of Italian Prime Minister Silvio Berlusconi, by way of compensation to the conglomerate CIR property damage caused in the struggle for control of Mondadori.

The sentence, which is "immediately enforceable" is estimated at around 540 million euros, to which add interest and legal fees since the award was made in first grade, October 3, 2009, to be run on account of Fininvest, so the total penalty is 560 million euros. The conviction on appeal comes after the controversy this week about the inclusion in the final plan by the Italian Government set a standard that would have forced judges to maintain provisionally suspended the sanction until a Supreme Court ruling, provision finally decided to remove the president before the buzz generated.

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