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Fastweb founder Scaglia to stand trial in November

Wednesday 11 August 2010 | 15:35 CET | News
A judge ordered Italian billionaire and Fastweb founder Silvio Scaglia to trial 2 November on charges of belonging to a criminal association aimed at tax fraud, Dow Jones reports citing public prosecutors in Rome. Scaglia, along with other former executives of Italian operators Fastweb and Telecom Italia Sparkle, are accused of involvement in a money laundering and tax fraud scheme. Prosecutors allege that executives at Fastweb and Sparkle were aware of the purchase and sale of services valued at EUR 2 billion using phony companies backed by the 'Ndrangheta mob of Southern Italy. The alleged

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Categories: Fixed
Companies: Fastweb / Swisscom / Telecom Italia / Telecom Italia Sparkle
Countries: Italy
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