Milan, 19 May (LaPresse) – The court ruling in Milan regarding Fabrizio Corona in the final strand of the bankruptcy proceedings involving his former company, Fenice srl, in which the former king of the paparazzi has reached an agreement with the Milan Public Prosecutor’s Office to accept a 10-month sentence, convertible into a fine, on charges of having ‘fictitiously’ registered a €2.5 million property on Via De Cristoforis in the name of a former colleague after purchasing it with funds diverted from the company’s assets prior to its bankruptcy. Lawyer Ivano Chiesta and Public Prosecutor Luigi Luzi today presented the terms of the agreement to the judge of the Second Criminal Division, Nicola Clivio, which the Court is required to ratify or reject by means of a ruling. According to information gathered on the sidelines of the hearing, Corona is said to have insisted to his lawyer in recent months that he face the trial in which he stands accused in Milan, having already been definitively sentenced to three years and ten months in 2013 for fraudulent bankruptcy and tax fraud, in one of the sentences which, when combined, led him to serve around ten years in prison. In particular, the 52-year-old reportedly contested the charge of bankruptcy for misappropriation of an asset – the flat in the Corso Como area – which was confiscated by the preventive measures section as part of the case involving the €2.6 million in cash found in the false ceiling of his home and which, therefore, had already been ‘recovered’ by the State. Mr Chiesa, an experienced defence lawyer at the Milan Bar and the face of new formats launched in recent years by Corona, such as the YouTube programme ‘Falsissimo’, is said to have persuaded him to drop the challenge and reach an agreement with the public prosecutor, who recognised the connection between the latest contested episode and the bankruptcy dating back over 15 years, leading to a plea bargain for a lenient sentence.
Milan: Fabrizio Corona’s final bankruptcy ruling postponed to 11 June
Milan, 19 May (LaPresse) – The court ruling in Milan regarding Fabrizio Corona in the final strand of the bankruptcy proceedings involving his former company, Fenice srl, in which the former king of the paparazzi has reached an agreement with the Milan Public Prosecutor’s Office to accept a 10-month sentence, convertible into a fine, on charges of having ‘fictitiously’ registered a €2.5 million property on Via De Cristoforis in the name of a former colleague after purchasing it with funds diverted from the company’s assets prior to its bankruptcy. Lawyer Ivano Chiesta and Public Prosecutor Luigi Luzi today presented the terms of the agreement to the judge of the Second Criminal Division, Nicola Clivio, which the Court is required to ratify or reject by means of a ruling. According to information gathered on the sidelines of the hearing, Corona is said to have insisted to his lawyer in recent months that he face the trial in which he stands accused in Milan, having already been definitively sentenced to three years and ten months in 2013 for fraudulent bankruptcy and tax fraud, in one of the sentences which, when combined, led him to serve around ten years in prison. In particular, the 52-year-old reportedly contested the charge of bankruptcy for misappropriation of an asset – the flat in the Corso Como area – which was confiscated by the preventive measures section as part of the case involving the €2.6 million in cash found in the false ceiling of his home and which, therefore, had already been ‘recovered’ by the State. Mr Chiesa, an experienced defence lawyer at the Milan Bar and the face of new formats launched in recent years by Corona, such as the YouTube programme ‘Falsissimo’, is said to have persuaded him to drop the challenge and reach an agreement with the public prosecutor, who recognised the connection between the latest contested episode and the bankruptcy dating back over 15 years, leading to a plea bargain for a lenient sentence.
