Comment
0
Tweet
0
Print
RSS Feeds

Court: Berlusconi company must pay huge award

Tuesday - 9/17/2013, 4:49pm  ET

MILAN (AP) -- Italy's highest court has upheld a ruling that Silvio Berlusconi's family investment company must pay a huge fine for corruption, but gave it a small discount on the multi-million euro judgment.

The Court of Cassation rejected Tuesday most of Fininvest's objections to lower courts' rulings against it for corruption in the purchase of the Mondadori publishing house, a key step in the creation of Berlusconi's media empire in the 1990s.

An appeals court had awarded a rival media company 564 million euros -- down from an initial 750 million euros. CIR said the high court award amounts to 494 million euros ($660 million).

Berlusconi is fighting efforts in the Senate to remove him from office after his tax fraud conviction, threatening the stability of Italy's uneasy coalition government.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.