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General

Soru resigns as Tiscali chairman

Friday 13 May 2016 | 11:51 CET | News
Italian operator Tiscali has announced that its founder Renato Soru has resigned as company chairman. The operator said Soru will remain as a director but that he considered it appropriate to resign as chairman following a recent ruling by a court in Cagliari. Soru was handed a three-year jail term for allegedly evading EUR 2.6 million in taxes linked to a loan by his own company Andalas Ltd to Tiscali. The Tiscali founder described the ruling as "unfair" and said he was confident it would be overturned on appeal.

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Categories: General
Companies: Tiscali
Countries: Italy
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