UniCredit CEO, Intesa Sanpaolo deputy chairman investigated in Alitalia case: document

The head of Italy’s biggest bank UniCredit and the deputy chairman of No.2 lender Intesa Sanpaolo are among 21 people investigated by state prosecutors in an inquiry into the bankruptcy of carrier Alitalia, a document sent to the people and their lawyers showed. The document said the investigation relates to the period between Jan. 1, 2015 and May 2, 2017 when the loss-making carrier asked to be put under special administration for the second time in less than a decade. UniCredit boss Jean Pierre Mustier and Intesa Sanpaolo’s Paolo Colombo sat on Alitalia’s board during that time. The other people that were investigated by prosecutors in the town of Civitavecchia near Rome, include former Alitalia executives and other board members. The document said prosecutors had looked into whether those investigated had committed bankruptcy fraud by approving financial statements that did not reflect the company’s real state of health.<br/>