Milan: A Milan court on Wednesday convicted the designers Domenico Dolce and Stefano Gabbana of tax evasion. They were found guilty of failing to declare 200 million euros ($268 million) through a Luxembourg company to authorities and given a one year and eight months suspended jail sentence. They were ordered to pay a penalty of 500,000 euros (about $670,000) to tax authorities.
The court, however, acquitted them of misrepresenting income of 416 million euros (around $560 million) each, even though the statute of limitations had expired on the charge.
The designers have denied the charges. Defense lawyer Massimo Dinoia pledged to appeal the ruling, saying the fact the court issued an acquittal on a charge that had expired, instead of just letting it fall to the statute of limitations, "means the proof of their innocence is evident."
Two years ago, a judge threw out a tax evasion and fraud case against the pair, whose label Dolce&Gabbana is a Milan fashion mainstay. Italy's high court later ruled the designers could be prosecuted for tax evasion, though not for fraud....
more
07:59 AM, Jun 20, 2013
Islamabad: A member of the provincial assembly of Pakistan's northwest Khyber Pakhtunkhwa was among 29 people killed in a suicide bombing on Tuesday, media reports said. Over 50 people were injured. Independent member Imran Mohmand was killed in the blast at a funeral procession in Mardan, Geo News reported. Police said the blast took place during the funeral procession of Haji Abdullah, a well-known figure in the area who was...
05:15 AM, Jun 19, 2013
IBNLive Sports gives you Tuesday's round-up of all the latest transfer news and gossip from the leading clubs and top players around the world. Manchester City's new boss Pellegrini targets Robben, Sneijder: Report Manchester City's newly-appointed manager Manuel Pellegrini is planning to bid for Dutch internationals Arjen Robben and Wesley Sneijder, a report said on Tuesday. Robben and Sneijder were the two players Pellegrini never wanted to sell during his...
06:20 PM, Jun 18, 2013
New Delhi: A Planning Commission report on Gujarat has revealed that the state's growth may not be as "inclusive" as its Chief Minister Narendra Modi claims. The reports states that while Gujarat had a good record in infrastructure development, its health and education sectors did not fare well. The report further reveals that poorer states, like Odisha, did better than Gujarat in lifting people from below the poverty line. Odisha...
06:18 PM, Jun 18, 2013
New Delhi: The Centre on Tuesday turned down West Bengal Chief Mininster Mamata Banerjee's demand for central forces during the panchayat elections in the state. Sources reveal that the Home Ministry turned down the demand saying it was the state government's responsibility to provide security for such polls. However, the West Bengal State Election commission and the Panchayat Minister Subrata Mukherjee are yet to confirm the development. The matter is...
05:36 PM, Jun 18, 2013
The year 1994-95 was very interesting because there was a directive from the Indian government which wanted us to localise fast. We had to travel to Japan a lot because our main collaborates [Sumitomo] were there and I found that travelling was increasing more and more. Then we had Maruti requesting us to localise very intricate parts which were under patents, so there were a lot of conflicts and I...
12:13 PM, Jun 17, 2013
Mumbai: Television actress Rucha Gujarathi, who recently got divorced, says she came out of the rough phase with dignity. 'Kkusum' and 'Bhabhi' fame actress married businessman Mitul Sanghavi on Oct 24, 2010, and according to reports, in June last year she filed a complaint against her husband and in-laws for abusing her physically and mentally. Soon after that the couple filed for divorce, which came through in April this year....
05:32 PM, Jun 16, 2013
New Delhi: Juventus midfielder Claudio Marchisio has been linked to a move to Manchester United, and according to the Mirror, the 27-year-old Italian has said that he will be 'proud' to get an offer from Old Trafford. The new United manager David Moyes is reportedly looking for a central midfielder after Paul Scholes hung his shoes at the end of the last season. Darren Fletcher has a big question mark...
06:47 PM, Jun 15, 2013
Geismar: An explosion and fire killed one person and injured 73 at the Williams Olefins chemical plant in Geismar, Louisiana, on Thursday, unsettling an industrial town where authorities ordered people to remain indoors for hours to avoid the billowing smoke. The blast at 8:37 am (1337 GMT) sent a huge fireball and column of smoke into the air. The plant along the Mississippi River, about 60 miles (100 km) from...
07:19 AM, Jun 14, 2013
United Nations: A new UN report is forecasting that the world's population will increase from 7.2 billion today to 8.1 billion in 2025 and 9.6 billion in 2050. The report, released on Thursday, said most of the population growth will occur in developing regions which are projected to increase from 5.9 billion in 2013 to 8.2 billion in 2050. During that same period, it said, the population of developed countries...
12:30 AM, Jun 14, 2013
Anil Rego, personal finance expert and CEO and founder of Right Horizon joined IBNLive readers for an interaction on financial planning and investment tips. Q. I'll be retiring after 10 yrs. Should I invest in fixed deposit or pension plans for retirement planning? Which will give more and guaranteed returns? Asked by: Madhu A. It is good that you are planning to do it well in advance. it is good...
06:12 PM, Jun 13, 2013
The first tragedy this monsoon season in Mumbai has claimed 10 lives when the Altaf Mansion in the city's Mahim neighbourhood collapsed on Monday. Those who survived are struggling to come to terms with their loss. ...
07:33 PM, Jun 12, 2013
Bangalore: A crore or more for a government job - that's the going rate in Karnataka. In March 2013, Dr HPS Mythri got a high rank in the recruitment exam for the Karnataka Administrative Service. She was confident of a top job until she went for her personality test. Dr Mythri said, "I got a call from the KPSC member saying I'm the topper in ST category and I should...
07:36 AM, Jun 12, 2013
Kolkata: The Left Front on Tuesday accused West Bengal's State Election Commission (SEC) of failing to implement security measures for the upcoming panchayat (rural body) polls as directed by the Calcutta High Court. Left parties will hold demonstrations outside of the office of commission demanding adequate security for the polls. "The SEC has failed to implement the court's order on security issues regarding the panchayat election," said Left Front chairman...
05:25 AM, Jun 12, 2013
New Delhi: The Supreme Court Tuesday said that admission to the under-graduate and post-graduate medical courses would be subject to the final outcome of the petitions challenging the Medical Council of India's decision requiring that candidates clear the National Eligibility Entrance Test. The apex court bench of Justice Gyan Sudha Misra and Justice Madan B Lokur said this on an application filed by NGO Sankalp, seeking direction that the private...
09:59 PM, Jun 11, 2013
Kolkata: With the State Election Commission having held that it would not compromise on security for next month's grassroot polls, West Bengal Panchayat minister Subrata Mukherjee on Tuesday said that only the court could decide on its postponement. "Elections will be held. All preparations are underway and filing of nominations are on. The matter is now in court and only the court can say if the elections are not to...
07:55 PM, Jun 11, 2013
New Delhi: The Cabinet is likely to consider on Thursday a proposal to promulgate an Ordinance for implementing the government's most ambitious Food bill. The Food Security bill, a pet project of Congress chief Sonia Gandhi, was tabled in the Budget session of Parliament but could not be taken up for discussion due to pandemonium in the Lok Sabha over various scams. However, government is keen on issuing an Ordinance...
06:15 PM, Jun 11, 2013
Mumbai: Bold and daring Ekta Kapoor, who is ready with her first historical show 'Jodha Akbar', says it is an apt time to tell the story and adds that she is ready to face any kind of criticism for it. She has experimented on the small screen with all kind of genres such as drama, romance, thrill, horror and even kitchen politics. 'Jodha Akbar' marks her maiden encounter with history...
04:33 PM, Jun 11, 2013
The Congress has hit out at the Central Information Commission for proposing to bring political parties under the Right to Information Act. Minister for Information and Broadcasting Manish Tewari said CIC's order is "a bit of a stretch." He was speaking to Karan Thapar on Devil's Advocate. Below is the full transcript of the interview: Karan Thapar: Hello and welcome to Devil's Advocate. Why does the Congress party object to...
11:34 AM, Jun 11, 2013
New Delhi: Punching hole in the claims of state Chief Minister Narendra Modi, a Planning Commission working paper said that Gujarat has underperformed in health and education sectors. According a Planning Commission's paper on 'Refining State Level Comparisons in India', "Haryana, Andhra Pradesh, Gujarat, Assam, Uttar Pradesh and Maharashtra have each underperformed in two of the three sectors analysed." The working paper 2012 series has analysed the performance of the...
10:55 PM, Jun 10, 2013
