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Berlusconi firm to pay 540m euro fine
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The family holding company of former Italian Prime Minister Silvio Berlusconi was ordered yesterday to pay 540 million euros (US$721 million) in damages stemming from the disputed purchase of publisher Mondadori.
The final ruling by Italy’s top appeals court was a fresh blow to Berlusconi, 76, already reeling from a supreme court verdict which confirmed a four-year jail sentence last month, commuted to one year, for massive fraud at his Mediaset television empire.
The ruling in the long-running case came as Berlusconi postponed an announcement in which he is likely to steer away from moves to bring down the government, sources said.
The fine against loss-making Fininvest was reduced to 540 million euros from 564 million euros in a previous ruling.
The case related to the 1991 battle for control of Mondadori between Fininvest and CIR and was the civil leg of a criminal trial which in 2007 found Berlusconi’s former lawyer guilty of bribing a judge.
Berlusconi’s privately held Fininvest has already paid the fine to the De Benedetti family CIR holding, founded by his arch-rival Carlo De Benedetti, and yesterday’s ruling allows CIR to access the money which was frozen pending a final decision.
“For 20 years a certain part of the magistrature together with the publishing group of Carlo De Benedetti have been trying to eliminate my father from the political scene by attacking him on all fronts,” Marina Berlusconi, Silvio’s eldest daughter and chairwoman of Fininvest, said in a statement. “This sentence is not justices; it’s a slap in the face of justice.”
Fininvest is the Berlusconi family holding that controls assets worth more than 5 billion euros, including Mediaset.
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