Saturday, July 9, 2011

Berlusconi Group To Pay $560 Million To Rival Company

In a decade-long dispute over control of the Italian publishing house Mondadori has an appeals court in Milan on Saturday the Fininvest Group of Prime Minister Silvio Berlusconi ordered to pay damages of 560 million €. The proportion of the compensation amounts to around 540 million euros, making the rest of litigation costs. President of Marina Berlusconi, Fininvest, threatened before the Court of Cassation in Rome reported to the Italian news agency Ansa ziehen.Wie, the sentence is immediately enforceable. The Prime Minister had shown before the verdict was still convinced that the appellate court will not condemn the Fininvest.

Fininvest in the first instance was in October 2009 on payment of 750 million € has been sentenced to the holding company of Carlo De Benedetti, Berlusconi's archrival. De Benedetti's CIR should thus holding company for a verdict of 1991 will be compensated, received with the Fininvest control of Mondadori. In 1997, a court ruled that the former judge's decision "bought" was was - Berlusconi was never prosecuted because of the lapse. The holding of Berlusconi's archrival De Benedetti include the daily newspaper "La Repubblica" and the weekly magazine "L'Espresso", which are among the few anti-government media in Italy.

The verdict must be implemented immediately, even if Berlusconi had said a few days ago, to De Benedetti, he would never pay, he would rather donate the money. Also in the austerity package adopted a week ago, the judiciary plagued prime minister had taken up a scheme whereby such high compensation in the future would not have been possible. Under pressure from the opposition and critics from within its own ranks who have already spoken of tailor-made "Lodo Fininvest", the clause was stricken from the decree.


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