Published:  01:27 AM, 20 May 2017

Heiress to Nina Ricci fortune avoids jail for tax fraud


A French appeals court ruled Friday that the heiress to the estate of fashion designer Nina Ricci will not serve jail time over her conviction for tax fraud, reducing an earlier sentence. The court handed Arlette Ricci, 76, a three-year suspended sentence and confirmed a one-million-euro ($1.1 million) fine and the confiscation of two properties.

In what was viewed as one of the toughest sentences of its kind in France, Ricci was handed a three-year prison sentence, two years of which were suspended, in April 2015 for hiding 18.7 million euros from the taxman for more than two decades.  She appealed the sentence last December.

-AFP, Paris


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