Reuters
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Fashion designers Domenico Dolce and Stefano Gabbana
Italy's top court cleared fashion designers Domenico Dolce
and Stefano Gabbana on Friday over charges of hiding hundreds of
millions of euros from Italian tax authorities.
Two lower courts had previously convicted the pair, who are as famous as the stars they dress, for allegedly using Luxembourg holding company Gado to avoid paying taxes on royalties of about 1 billion euros ($1.27 billion).
Read More Convicted fraudster Allen Stanford files appeal
In April, an appeals court gave a suspended sentence of 18 months in jail to the designers, who have always denied the charges. (1 US dollar = 0.7893 euro)
Two lower courts had previously convicted the pair, who are as famous as the stars they dress, for allegedly using Luxembourg holding company Gado to avoid paying taxes on royalties of about 1 billion euros ($1.27 billion).
Read More Convicted fraudster Allen Stanford files appeal
In April, an appeals court gave a suspended sentence of 18 months in jail to the designers, who have always denied the charges. (1 US dollar = 0.7893 euro)
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