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Berlusconi may have passed illegal False Accounting bill under EU rules

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Berlusconi may have passed illegal False Accounting bill under EU rules

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A law passed by Silvio Berlusconi quickly after becoming Italian prime minister which cleared him of false accounting in his businesses may have been illegal.

Thats the conclusion of the Advocate General to the European Court of Justice: He says the law appears to clash with European Union regulations on corporate transparency and could mean the Italian law being overturned The Italian leader passed his new “False Accounting law” in 2002 which shortened the time allowed for prosecutors to examine alleged financial fraud. In effect the law meant that Berlusconi could not be investigated in connection for some business dealings in the 1980s which since have come under suspicion.