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General

Tiscali founder Soru cleared of tax evasion

Tuesday 9 May 2017 | 09:52 CET | News
Renato Soru, the founder and president of Italian operator Tiscali, has been acquitted of tax evasion by a Cagliari court after appealing against a three-year sentence handed down a year ago. The businessman and politician was handed the jail term for allegedly evading EUR 2.6 million in taxes linked to a loan by his own company Andalas Ltd to Tiscali. Soru, an MEP and member of the governing PD party, subsequently resigned as Tiscali chairman, to be replaced by Alexander Okun.

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Categories: General
Companies: Tiscali
Countries: Italy
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