By  on August 5, 2013

Luca Cordero di Montezemolo, president of Ferrari and founder of the Italian centrist group Italia Futura, advised caution to political allies of Silvio Berlusconi in the wake of the upholding of the former prime minister’s conviction on tax fraud charges.

In a letter posted on Italia Futura’s Web site, the executive urged Berlusconi’s party, the PDL, not to endanger Italy’s shaky political balance and Italians to accept the determination of the Italian Court of Cassation, which last week upheld the former prime minister’s tax conviction.

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