checkmate

Italy’s Berlusconi sentenced to prison for tax fraud

ROME: Former Italian prime minister Silvio Berlusconi was sentenced to four years in jail—quickly reduced to one—for tax fraud with Italy’s lengthy appeals process likely to ensure he never sees the inside of a prison cell.


Scandal-hit Berlusconi, 76, condemned the sentence as “intolerable judicial harassment,” a week after he denied hos-ting raunchy parties and having sex with an underage prostitute in a separate case.

The four-year term was immediately cut to one under an amnesty law approved in 2006 by the then center-left government to reduce the overcrowding of Italian prisons.

Berlusconi was also banned from holding public office for five years by the Milan court.

His lawyers said that they would appeal by November 10, according to reports, automatically suspending the application of the sentence.

Berlusconi is considered certain to stave off any imprisonment or ban on his political activities through appeals. The verdict, connected to his Mediaset empire, came two days after he announced his retirement from politics. His lawyer branded the verdict as “absolutely unbelievable”.

During the trial, which began six years ago but was repeatedly suspended, Berlusconi was accused of artificially inflating the price of distribution rights bought by his companies and of creating foreign slush funds to avoid paying taxes in Italy.

The court also sentenced the media tycoon and 10 co-defendants to pay 10 million euros ($13 million) to Italian tax authorities for losses in what they called “large-scale fraud”.

The tax scam helped to create secret overseas accounts and reduce profits to pay fewer taxes in Italy.

The prosecution had asked for a prison sentence of three years and eight months for Berlusconi, the longest-serving prime minister of post-war Italy.

Prosecutor Fabio de Pasquale said in June that Mediaset costs for the films had been inflated by $368 million from 1994 to 1998, and by 40 million euros from 2001 to 2003.

Berlusconi was at “the top of the chain of command in the sector of television rights until 1998,” de Pasquale said at the time. He had asked for a prison sentence of three years and four months for Mediaset president Fedele Confalonieri. But Berlusconi’s close aide in his business dealings was acquitted.

World

Japan, Vietnam vow to cooperate on sea row

Published : Friday January 18, 2013   |  Category : World   |  Hits:151
By : AFP

HANOI: Vietnam and Japan must “play a more active role” in maintaining regional peace and security, Japanese Prime Minister Shinzo Abe said in the face of growing maritime tensions with China. Read more

Algeria troops surround Islamist hostage-takers

Published : Friday January 18, 2013   |  Category : World   |  Hits:85
By : AFP

ALGIERS: Algerian troops surrounded Islamists holding foreign hostages at a gas field on Thursday, a day after a deadly attack the gunmen said was in reprisal for Algeria’s cooperation in French operations in Mali. Read more

Floods bring Indonesia’s capital to near stand still

Published : Friday January 18, 2013   |  Category : World   |  Hits:85
By : AFP

JAKARTA: Waist-deep floods brought the Indonesian capital Jakarta to a standstill on Thursday, with roads impassable, thousands of homes under water and the president forced to roll up his trousers at the palace. Read more

Obama unveils sweeping gun control measures

Published : Friday January 18, 2013   |  Category : World   |  Hits:54
By : AFP

WASHINGTON, D.C.: President Barack Obama on Wednesday (Thursday in Manila) demanded an assault weapons ban and universal background checks for gun buyers as part of sweeping gun control measures in response to the Newtown school massacre. Read more

WORLD IN BRIEF

Published : Friday January 18, 2013   |  Category : World   |  Hits:46
By : AFP

NO SUFFICIENT EVIDENCE TO ARREST PAKISTAN PMISLAMABAD: The head of Pakistan’s anti-corruption watchdog told the Supreme Court on Thursday he did not yet have enough evidence to move against Prime Minister Raja Pervez Ashraf and 15 Read more

Hosting Powered and Design By: I-MAP WEBSOLUTIONS, INC