Archive Roberto Colaninno, the CEO of Unicredit Jean Pierre Mustier and 6 others under investigation in the crash of Alitalia in the era Etihad. Excerpted, and then again process risk, the position of the other 15, including the former president of the company Luca Cordero di Montezemolo, the former managing directors Silvano Cassano e Cramer Ball and the then number two of Etihad James Hogan. This is the first move of the public prosecutor of Civitavecchia after the conclusion of the investigation on the management of the carrier between 2015 and 2017. On 2 May 2017 Alitalia Sai it ended in fact in extraordinary administration after that the workers rejected the pre-agreement on redundancies e the board sanctioned the impossibility of one recapitalization that the shareholders majority Unicredit e Intesa Sanpaolo, with Etihad which held 49%, had subordinated the employees’ yes to the cuts plan. On 11 May the Court of Civitavecchia declared the company insolvent.
From the story a maxi-investigation was born that involved all the leaders of the time, as well as several parallel strands including that of the well-known Air Force Renzi. One of the main complaints of the magistrates is that of having budgeted for false capital gains e false invoices to “make appear falsely respected the forecasts of the 2015-2018 industrial plan ″ and thus achieve the goal of “making people survive artificially the society”, delaying the declaration of insolvency. The prosecutors have hypothesized for various reasons the crimes of fraudulent bankruptcy aggravated, false corporate communications and obstacle to supervisory functions. But now for 8 suspects it has been asked archiving. In addition to Colaninno and Mustier, who at the time were part of the Board of Directors, the former vice-president of Confindustria appears in the list Antonella Mansi, Enrico Laghi (consultant in charge and director of Midco), Giovanni Bisignani, the manager of Etihad James Denis Rigney and three members of the board of statutory auditors: Alessandro Cortesi, Paolo Andrea Colombo and Corrado Gatti.
As regards the position of Mustier, defended by the law firm Iannaccone and associates, one of the accusations concerned the transfer in 2015 to the newborn Alitalia-Sai of the Alitalia Loyalty branch, that is the company that managed the MilleMiglia program. The prosecutors assumed that having estimated the value in 13 million was due to an “unreasonable and arbitrary use of the evaluative discretion“, Given that the value of that investment was recorded in the financial statements of Alitalia Cai (the previous“ soul ”of the carrier) as at 31 December 2013 at a value of 150 million. The same magistrates, however, after analyzing the papers and listening to the positions of the defense, now believe that there are no “subjective and objective elements” for the crime charged against Mustier, Laghi, Montezemolo, Cramer Ball and others.
The heart of the investigation, however, is the bankruptcy allegation linked to false accounting: the prosecutors are still convinced that the indications “untrue and evaluatively false reported in the financial statements ”were intended to represent“ an accounting reality not corresponding to the real one“. Such as the “false capital gain” deriving from “the false invoice for 25.5 million” relating to “loss-making routes Milan – Abu Dhabi and Venice – Abu Dhabi“. But the members of the Board of Directors and the board of statutory auditors, the prosecutor now writes, had no knowledge “of warning signs“Relating to the financial status of the company. The reason? “The management of Alitalia has always offered granite reassurances on the existence of a positive shareholders’ equity for current events and also from a prospective point of view “. Mustier, Laghi, Colaninno and others, therefore – argue the magistrates – must be considered “unrelated” to the crime of bankruptcy.
In the filing request, the prosecutors then return to another hot topic of the investigation, that of 5 pairs of slots (Fiumicino-London Heathrow) of 60 million that Alitalia-Cai would have had to sell to Etihad for later rent it in turn to the newborn Alitalia-Sai. However, according to the prosecutors, a “false capital gain of 39 million” was included in the company’s balance sheet. The same prosecutor now claims that “liability is excluded”Of Cassano, Rigney, Bisignani, Colaninno and the two mayors involved (Gatti and Cortesi). It remains to be seen if and to whom now the magistrates intend to contest the incident.
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