Italy's appeals court upheld a verdict issued last June against the pair on charges of using Luxembourg holding company Gado to avoid paying taxes on royalties of about 1billion euros (£820million).
In court yesterday, the pair were each given suspended sentences of 18 months in jail - reduced from 20 months because of statute of limitations applied to certain facts in the case.
The designers - who have always denied any wrongdoing - said they would appeal the decision.
Lawyer Massimo Dinoia said: 'I am speechless. We are all shocked. The judgement is inexplicable and we will appeal.
'The prosecutor himself asked for them to be cleared.'
The Milan prosecutor had asked the court back in March to clear the pair, who - in a protest last year at being 'pilloried' - closed their Milan stores.
No comments:
Post a Comment