Berlusconi investigated for tax fraud in Ireland

Berlusconi investigated for tax fraud in Ireland
Silvio Berlusconi is being investigated for alleged tax fraud in Ireland. Photo: Alberto Pizzoli/AFP
Irish police are investigating an alleged €150,000 tax fraud by former Italian premier Silvio Berlusconi, the Irish Sun reported on Monday.

The probe is part of a wider investigation by Italian police into Berlusconi's financial transactions around the world, which are thought to total €500 million.

Berlusconi is understood to have used Ireland's economic boom, or 'Celtic Tiger', to stash the sums between 2005 and 2007.

An anonymous source told the Irish Sun: “He was in awe of the property boom here and the Italians suspect him of believing it was a great way to hide his cash.”

Authorities are examining whether a company registered in Dublin's International Financial Services Centre was used to transfer funds to offshore accounts in order to avoid paying tax in Italy.

Berlusconi is currently appealing a four-year sentence for tax evasion in Italy, related to broadcasting rights bought by his television network Mediaset.

Member comments

Become a Member to leave a comment.Or login here.