UniCredit CEO, Intesa Sanpaolo Deputy Chairman Investigated In Alitalia Case

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 flagship carrier Alitalia, a document sent to the people and their lawyers showed, Reuters reported. The document, seen by Reuters, 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. UniCrediit 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. Read more