Thursday, 1 May 2014

Italian designers Dolce and Gabbana sentenced to 18 months in prison for tax evasion despite the PROSECUTION saying they should be acquitted

Italian fashion designers Stefano Gabbana and Domenico Dolce were given an 18month jail sentence yesterday for tax evasion on royalties of up to 1billion euros. The pair are set to appeal the decisionFashion designers Domenico Dolce and Stefano Gabbana have each been sentenced to 18-month jail terms for tax evasion charges - despite the prosecution arguing for the pair to be acquitted.
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.

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