Berlusconi's company sentenced to pay 560 mln euros to rival

11:50, July 10, 2011      

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An Italian appeal court on Saturday sentenced Prime Minister Silvio Berlusconi's holding company Fininvest to pay 560 million euros (around 800 million U.S. dollars) to its rival media group CIR, over a long-running corruption case, local media reported.

According to the civil court of appeal in Milan, Fininvest should pay this amount of money in compensation to CIR, the holding company of Berlusconi's rival Carlo De Benedetti which fought with Fininvest for control of the Italian leading publishing group Mondadori in 1990.

Fininvest won the takeover battle after a bribed judge ruled in favor of Fininvest.

The judge and several lawyers were later convicted of corruption.

Berlusconi himself was cleared of responsibility in the corruption case in 2007, after the charges against him were dropped due to the length of time elapsed from the alleged crime.

Source: Xinhua
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