Denis Verdini, for years one of the closest advisers to former Prime Minister Silvio Berlusconi, was sentenced to 6-1/2 years in prison on Tuesday by Italy's supreme court in a graft case tied to the collapse of a bank. The trial revolved around Credito Cooperativo Fiorentino, a bank where Verdini served as chairman for 20 years. Prosecutors said he used the lender to build up a powerbase that helped him prosper in politics, offering loans to friends and associates without proper guarantees – loans that ultimately led to the bank failing in 2010.
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