AC Milan president
Silvio Berlusconi has had his jail sentence reduced to just 12 months, thanks
to the application of a 2006 Amnesty Law aimed at reducing overcrowding in
prisons.
The 76-year-old was
originally handed a four-year jail sentence and €10 million fine on Friday, for
his part in a tax fraud scandal.
Berlusconi, along
with 10 others, was on trial after it was alleged that the defendants were
involved in a scheme to purchase American movies for his company, Mediaset,
through an offshore firm and had failed to properly declare payments so as to
avoid taxes.
It was also claimed
that Berlusconi had re-licensed the films, and pocketed the difference, making
the Milan supremo some €250m.
The Italian has been
involved in a number of legal procedures to do with his business ventures, but
has either been cleared, or the cases have been dropped due to time
constraints.
Berlusconi, who was
not in court on Friday to hear the verdict, served as Prime Minister of Italy
between 1994 and 1995, 2001 and 2006, and 2008 and 2011, but recently announced
that he would not be running for a fourth term.
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