Milan President Silvio Berlusconi Handed Four Year Prison Sentence For Tax Fraud!!

“Arrivederci, I’m off to jail…”

According to Ansa, Former Italian Prime Minister Silvio Berlusconi has been handed a jail sentence and barred from office after being found guilty of tax fraud. The Milan court sentenced him to four years but later cut it to one year because of an amnesty law.

He and others were accused of buying US film rights at inflated prices via two offshore companies under his control.

Milan’s reelected president, who has faced a number of trials, will remain free pending a possible appeal. He has in the past either been cleared, or cases have run beyond the judicial time limit.

In the case for which he was sentenced on Friday, prosecutors argued that part of the money declared for the purchase of film rights was skimmed off to create illegal slush funds, reducing tax liabilities for Berlusconi’s Mediaset group.

Silvio was none to popular with the Milan faithful over his decision to cut costs and sell Zlatan Ibrahimovic and Thiago Silva to PSG and one wonders this news leaves his position at the San Siro club.

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