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General

Court confirms acquittal of Fastweb founder

Thursday 28 September 2017 | 09:20 CET | News
Rome's court of appeal has upheld the acquittal of Fastweb founder Silvio Scaglia and ex-Telecom Italia director Stefano Mazzitelli for involvement in a EUR 2 billion VAT dodging and international money-laundering scam, reports ANSA. Scaglia resigned in March 2010 after denying wrongdoing in the case, in which more than EUR 2 billion were allegedly laundered through fake international phone service purchases and sales. Alleged ringleader Gennaro Mokebl saw his 15-year sentence reduced to 10.

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Categories: General
Companies: Fastweb / Swisscom / Telecom Italia
Countries: Italy
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