AGL 38.00 No Change ▼ 0.00 (0%)
AIRLINK 213.91 Increased By ▲ 3.53 (1.68%)
BOP 9.42 Decreased By ▼ -0.06 (-0.63%)
CNERGY 6.29 Decreased By ▼ -0.19 (-2.93%)
DCL 8.77 Decreased By ▼ -0.19 (-2.12%)
DFML 42.21 Increased By ▲ 3.84 (10.01%)
DGKC 94.12 Decreased By ▼ -2.80 (-2.89%)
FCCL 35.19 Decreased By ▼ -1.21 (-3.32%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 16.39 Increased By ▲ 1.44 (9.63%)
HUBC 126.90 Decreased By ▼ -3.79 (-2.9%)
HUMNL 13.37 Increased By ▲ 0.08 (0.6%)
KEL 5.31 Decreased By ▼ -0.19 (-3.45%)
KOSM 6.94 Increased By ▲ 0.01 (0.14%)
MLCF 42.98 Decreased By ▼ -1.80 (-4.02%)
NBP 58.85 Decreased By ▼ -0.22 (-0.37%)
OGDC 219.42 Decreased By ▼ -10.71 (-4.65%)
PAEL 39.16 Decreased By ▼ -0.13 (-0.33%)
PIBTL 8.18 Decreased By ▼ -0.13 (-1.56%)
PPL 191.66 Decreased By ▼ -8.69 (-4.34%)
PRL 37.92 Decreased By ▼ -0.96 (-2.47%)
PTC 26.34 Decreased By ▼ -0.54 (-2.01%)
SEARL 104.00 Increased By ▲ 0.37 (0.36%)
TELE 8.39 Decreased By ▼ -0.06 (-0.71%)
TOMCL 34.75 Decreased By ▼ -0.50 (-1.42%)
TPLP 12.88 Decreased By ▼ -0.64 (-4.73%)
TREET 25.34 Increased By ▲ 0.33 (1.32%)
TRG 70.45 Increased By ▲ 6.33 (9.87%)
UNITY 33.39 Decreased By ▼ -1.13 (-3.27%)
WTL 1.72 Decreased By ▼ -0.06 (-3.37%)
BR100 11,881 Decreased By -216 (-1.79%)
BR30 36,807 Decreased By -908.3 (-2.41%)
KSE100 110,423 Decreased By -1991.5 (-1.77%)
KSE30 34,778 Decreased By -730.1 (-2.06%)

Fininvest, the conglomerate controlled by Italian Prime Minister Silvio Berlusconi, was ordered by a Milan civil court to pay 750 million euros (1.1 billion dollars) in damages to rival CIR, the daily Corriere della Sera reported Sunday.The case stems back to a 1991 deal in which Fininvest (at the time headed directly by Berlusconi) was given control over Mondadori media group by a Rome appeals court.
A court decision in 2007 found that Fininvest had bribed a judge to win favour over rival CIR, run by Carlo de Benedetti. Berlusconi himself was not involved in the suit due to statute of limitations.
The Berlusconi family was able to expand its influence in the print media and publishing with the purchase. The rival de Benedetti family controls the Berlusconi-critical Rome daily La Repubblica and the magazine L'Espresso.
The award for damages has to be carried out immediately.
Fininvest President Marina Berlusconi, the daughter of Silvio, planned to appeal what she called a "deeply unfair decision." Claimed that Fininvest had always worked at a "height of correctness," she said the court's judgement had been delivered at a time when her father was most vulnerable to attack.

Copyright Deutsche Presse-Agentur, 2009

Comments

Comments are closed.