Tiscali 2014 Annual Report Download - page 172

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Annual financial report as at 31 December 2014
Date
File Name
Status
Page
-
Annual Report as at 31
December 2014
172
Criminal proceedings
In September 2013, Tiscali S.p.A. received notification, pursuant to Italian Legislative Decree No.
231/2001, of the conclusion of the preliminary investigations for alleged false corporate
communications relating to the financial statements between 2008 and 2012; the subsidiary Tiscali
Italia received the same notification in January 2014. The preliminary hearing has been fixed for 28
May 2015 The offence refers to the alleged erroneous accounting entries with reference to the
provision made for the write-down of receivables. Pursuant to Article 25 ter, letter c) of Italian
Legislative Decree No. 231/2001, in the event of conviction just a monetary fine would be applicable of
400 to 800 penalty units. The Company has undertaken the necessary defence action.