Word: fininvest
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Dates: during 1994-1994
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...tide of anticorruption sentiment. Even as he was host to a U.N. conference in Naples on combatting organized crime, the Prime Minister, once dubbed Il Cavaliere, or the knight, found himself among the knaves as he was formally placed under investigation by magistrates engaged in a bribery probe of Fininvest, his business empire...
...bribery but were victims of corrupt tax inspectors who had extorted money in exchange for favorable tax audits. Although the judicial notification implied no guilt, Berlusconi found himself directly caught up in the debate over the apparent conflict of interest between being Prime Minister and holding onto control of Fininvest, a $7 billion-a-year conglomerate that dominates the Italian media. Belatedly, the Prime Minister said he was ready to make a public offering of a majority of shares in his three television channels...
Italian magistrates told Silvio Berlusconi he is under investigation for corruption charges, even as the Prime Minister was host to an international conference in Naples on organized crime. Berlusconi allegedly authorized the payment of bribes to tax officials by officers of Fininvest, a $7 billion media-and-retail conglomerate he formerly headed and still owns. The Prime Minister denied the charges and said he would continue his six-month-old administration, but he also offered to sell part of Fininvest, something he had previously refused...