Breaking: Italy's Berlesconi Sentenced to 4 Years in Jail (in Mediaset TV Rights Case)

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Former Italian Prime Minister Silvio Berlusconi has been sentenced to 4 years in jail by a Milan court over the Mediaset TV rights case, according to Reuters.

The case revolved around a plan to purchase the rights to broadcast U.S. movies on Berlusconi's private television networks.

Offshore companies were used to avoid paying taxes on the films. The price of the films was then inflated as they were sold internally. The difference pocketed by the defendants amounted to 250 million euros.

Berlusconi has also been banned from politics for 5 years. The case against him and 10 others had begun in 2006, but had been suspended while he was Prime Minister as he had immunity.

Read more: http://www.businessinsider.com/berlusconi-sentenced-to-4-years-in-jail-2012-10#ixzz2APnE9Sdh



http://www.businessinsider.com/berlusconi-sentenced-to-4-years-in-jail-2012-10