Italy: New Anti-corruption law requires three to eight years jail term for balance sheet fraud


Italy has passed a new anti-corruption legislation in which offenders found guilty of balance sheet fraud will be jailed for three to eight years. Other corruption crimes range from three to ten years in prison. Italy is struggling with increased corruption, ranking 69 in 2014 corruption index.  Top politicians, mafia organizations, and business people have dominated recent cases of corruption.

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