Court in Civitavecchia releases all 14 defendants in Alitalia insolvency case

First reported

Court in Civitavecchia releases all 14 defendants in Alitalia insolvency case
Image: airliners.de

The court in Civitavecchia released all 14 defendants linked to the Alitalia insolvency case, including former CEOs Silvano Cassano, Luca Cordero di Montezemolo, Mark Cramer Ball, former Etihad CEO James Hogan, and manager Carlo Rosati, citing either lack of evidence or expired statutes of limitations. The charges related to alleged falsified capital gains intended to inflate Alitalia’s balance sheet and secure its survival, covering the period from 2014 to February 2017, and included accusations of serious fraudulent bankruptcy and other economic crimes. The court’s reasoning will be submitted within 90 days.

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