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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Africa Europe Latin America Middle East North America Prosecutors launch tax inquiry against Berlusconi AFP - 2 hours 35 minutes ago Send IM Story Print Prosecutors launch tax inquiry against Berlusconi ROME (AFP) - – Italian prosecutors have launched an investigation against Prime Minister Silvio Berlusconi for tax evasion linked to his Mediaset media empire, judicial sources said on Friday. The allegations, which were immediately rejected by Mediaset, are linked to tax declarations for 2003 and 2004 and are part of a wider inquiry. Berlusconi's son Piersilvio, deputy chairman of Mediaset, and other senior managers have also been placed under investigation, the sources said. Mediaset was founded by Berlusconi in the 1970s and includes Italy's three main privately-owned national television channels. The accusation is that Mediaset artificially inflated the price of film rights sold to companies that belonged to him and then sold back to Mediaset, allowing the company to reduce its revenues and pay less tax. The charge is punishable by between 18 months and six years in prison. Mediaset said that the film rights were bought at market prices, adding: "All the accounts and tax declarations of the company were compiled with the most rigorous observance of transparency criteria and legal norms." The company also referred to the "absurdity" of the accusations. Mediaset chairman Fedele Confalonieri, one of Berlusconi's closest allies, was quoted by Mediaset's news division as saying: "Every now and then we are put under investigation, we get dragged into things as usual." Daniele Capezzone, a spokesman for Berlusconi's People of Freedom ruling party, said the prime minister "is the object of a massive, systematic and unending series of attacks, inquiries and judicial proceedings." The Mediaset trial in Milan has been put on hold awaiting a ruling by the Constitutional Court expected in December on a law that grants Berlusconi and his ministers temporary legal immunity for a maximum of 18 months. Antonio Di Pietro, a former crusading anti-corruption judge who now leads the Italy of Values party and is one of the PM's fiercest critics, said: "Berlusconi is constantly under investigation because he never goes on trial." Berlusconi's battles with the law have marked his public life since he burst onto the political scene in the mid-1990s. A self-made billionaire, Berlusconi has faced charges including corruption, tax fraud, false accounting and illegally financing political parties. Although some initial judgments have gone against him he has never been definitively convicted. Recommend Send IM Story Print Related Articles Mugabe eyes elections for 2011 in Zimbabwe AFP - 2 hours 44 minutes ago World's longest tunnel completed under Swiss Alps AFP - 27 minutes ago Sarkozy sends in police to break fuel blockade AFP - 53 minutes ago UK-World Summary Reuters - 1 hour 25 minutes ago Swiss break through in world's longest tunnel Reuters - 1 hour 26 minutes ago News Search Top Stories New Israeli settlement plan sparks Palestinian fury Sarkozy sends in police to break fuel blockade US Fed ups talk of intervention to save recovery Dollar under pressure before Bernanke speaks Paris airports pipeline cut amid protests: company More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Indestructible McDonalds burger amazes US Paris airports pipeline cut amid protests: company Time to find a second Earth, WWF says Indonesian civil servants stumble over unusual test 'Bandit' Obama billboard sparks storm in US city More Most Viewed » Too much TV psychologically harms kids: study Workers swarm Europe's streets in anti-cuts protests British lottery winner gets record 129 mln euros 'A billion people' go hungry in 2010: report Global marine life census charts vast world beneath the seas More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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