Featured Articles

AMD sheds light on stacked DRAM APUs

AMD sheds light on stacked DRAM APUs

AMD is fast tracking stacked DRAM deployment and a new presentation leaked by the company  points to APUs with stacked DRAM,…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Intel launches new mobile Haswell and Bay Trail parts

Intel launches new mobile Haswell and Bay Trail parts

Intel has introduced seven new Haswell mobile parts and four Bay Trail SoC chips, but most of them are merely clock…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
AMD A8-7600 Kaveri APU reviewed

AMD A8-7600 Kaveri APU reviewed

Today we'll take a closer look at AMD's A8-7600 APU Kaveri APU, more specifically we'll examine the GPU performance you can…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 18 October 2013 10:30

Fastweb boss cleared of money-laundering

Written by Nick Farrell



Arrested in 2010

Italy’s slow and largely toothless legal system has cleared the founder of Italy's second-biggest telecoms company, Fastweb of tax fraud related to a money-laundering scandal.

Silvio Scaglia was arrested in 2010 for suspected tax evasion related to the case in which more than 2 billion euros were allegedly laundered through fake international phone service purchases and sales. Italian prosecutors arrested 56 people in connection with the case. Fastweb and Telecom Italia unit Sparkle were drawn into the scandal and said they didn’t do it and the money was laundered when they got there.

Ex-Telecom Italia director Stefano Mazzitelli was also acquitted of tax fraud on Thursday along with five others. So far only businessman Gennaro Mokbel has been sentenced to 15 years in jail. Scaglia told the press here that after a four year battle he was acquitted but all managers of Fastweb and Telecom Italia were acquitted too.

Scaglia is one of Italy's richest men. He was released in February 2011 pending the outcome of his trial.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments