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Thursday, June 20, 2013

Dolce and Gabbana Go To Prison.

 The famously known designers....Domanico Dolce and Steffano Gabbana have each been sentenced to one year and eight months in prison after being found guilty of tax evasion. A jury met for three hours yesterday, in the afternoon to discuss the legal ruling which is one of three legal procedures that will determine a final verdict.
Judge Antonella Brambilla ruled in the case on one of two counts. They were cleared of the second count - involving the valuation of their company and the tax rate paid - at an earlier date. The designers are expected to appeal the decision, WWD reports.
 
The lawsuit refers to the labels 2004 sale of its signature and D&G lines to Luxembourg-based holding company Gado Srl - which Italian authorities believe was a means of evading Italy's high taxes - charges that the designers have strongly denied. The designers' lawyer, Massimo Dinoia, called for the pair to be acquitted of the charges - while prosecutor Gaetano Ruta demanded that Dolce, Gabbana and company board member Cristiana Ruella should be sent to prison for two-and-a-half years.  He added that their accountant, Luciano Patelli, should be incarcerated for three years.
                                  I Guess we won't be hearing from them for a while.....
                                                                        <H&G>

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