DOMENICO DOLCE & STEFANO GABBANA FOUND GUILTY OF TAX EVASION

A Milan court yesterday convicted Italian fashion designers Dolce & Gabbana to 20 months jail for tax evasion


DOMENICO Dolce and Stefano Gabbana, whose clients include Kylie Minogue, Angelina Jolie, BeyoncĂ©, Scarlett Johansson and Naomi Campbell, were found guilty on Wednesday of evading around 400 million euros ($268 million) on a one billion euro business deal for the sale of their D&G and Dolce & Gabbana brands to holding company, Gado, in Luxembourg in 2004.

They were found guilty, given a one year and eight months suspended jail sentence and ordered to pay a penalty of 500,000 euros (about $670,000) to tax authorities.

The design duo, who are nearly as famous as the stars they dress, have denied the charges and will lodge an appeal against their conviction. 

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