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Saturday, 9 July 2011

Berlusconi's Fininvest ordered to pay 560m euro damages

An Italian court has ordered Prime Minister Silvio Berlusconi's holding company Fininvest to pay 560m euros (£500m) in damages to a rival media group CIR over bribery allegations.
The Milan appeals court's ruling was over Fininvest's wrestling of control of publisher Arnoldo Mondadori Editore from CIR in 1991.
The takeover was sanctioned by a judge who was later sentenced for corruption.
Fininvest had appealed an earlier order to pay 750m euros in damages to CIR.

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