Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 18 October 2013 10:30

Fastweb boss cleared of money-laundering

Written by Nick Farrell



Arrested in 2010

Italy’s slow and largely toothless legal system has cleared the founder of Italy's second-biggest telecoms company, Fastweb of tax fraud related to a money-laundering scandal.

Silvio Scaglia was arrested in 2010 for suspected tax evasion related to the case in which more than 2 billion euros were allegedly laundered through fake international phone service purchases and sales. Italian prosecutors arrested 56 people in connection with the case. Fastweb and Telecom Italia unit Sparkle were drawn into the scandal and said they didn’t do it and the money was laundered when they got there.

Ex-Telecom Italia director Stefano Mazzitelli was also acquitted of tax fraud on Thursday along with five others. So far only businessman Gennaro Mokbel has been sentenced to 15 years in jail. Scaglia told the press here that after a four year battle he was acquitted but all managers of Fastweb and Telecom Italia were acquitted too.

Scaglia is one of Italy's richest men. He was released in February 2011 pending the outcome of his trial.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments