Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

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