Domenica, 21 Ottobre 2018

Ex-Alitalia chiefs face bankruptcy trial


Rome, February 19 - Two former CEOs of Italian flag
carrier Alitalia were indicted along with five other people on
Tuesday in relation to alleged wrongdoing concerning the
airline's bankruptcy in 2008.
Francesco Mengozzi and Giancarlo Cimoli, respectively at
the helm of Alitalia from 2001 to 2004 and from 2004 to 2007,
face charges of bankruptcy due to distraction or dissipation of
The other suspects are Gabriele Spazzadeschi, former
director of the administration and finance department, Pierluigi
Ceschia, ex-head of the extraordinary finance division, former
managers Giancarlo Zeni and Leopoldo Conforti and Gennaro Tocci,
ex-head of sales.
Prosecutors claim the flag carrier dissipated as a result
of "abnormal economic and managerial operations" allegedly
leading to the loss of over four billion euros as of 2007.
Cimoli must also answer to two episodes of suspected stock
manipulation in relation to the release of allegedly false
information to alter Alitalia's market value.
The first hearing is set for June 18.
Alitalia's flight operations were spun off into a new firm
that continued after the bankruptcy.

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