Berlusconi investigated for tax fraud in Ireland

Irish police are investigating an alleged €150,000 tax fraud by former Italian premier Silvio Berlusconi, the Irish Sun reported on Monday.

Berlusconi investigated for tax fraud in Ireland
Silvio Berlusconi is being investigated for alleged tax fraud in Ireland. Photo: Alberto Pizzoli/AFP

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.

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