Berlusconi faces Spanish legal action

Ex-Italo PM indicted on charges of tax evasion

Legal proceedings have been initiated against Silvio Berlusconi for alleged tax evasion and false accounting in Spain related to the ex-Italian prime minister’s former stake in Spanish broadcaster Telecinco.

Judge Baltazar Garzon, an investigating magistrate at Spain Audiencia Nacional, which tries cases involving terrorism, drug and financial crimes, has indicted Berlusconi.

Spanish authorities lifted the media mogul’s immunity from prosecution in July following his defeat in Italy’s general election.

The charges against Berlusconi concern his involvement with Telecinco from 1990-93, when his TV company, Mediaset, held a 25% stake in the TV station.

Although Spanish antitrust legislation capped company stakes at 25%, Berlusconi has been accused of holding 52% of Telecinco stock by using associates who acted as fronts.

Garzon has battled for years to lift Berlusconi’s immunity to prosecution in Spain.

Berlusconi already faces a trial in Italy, set for November, on charges of fraudulent bookkeeping and other financial wrongdoing involving Hollywood rights deals and an alleged slush fund set up at Mediaset.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More TV News from Variety