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6 arrested in connection with Volare financial crash

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Old 27th Apr 2005, 14:20
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6 arrested in connection with Volare financial crash

6 ARRESTED IN CONNECTION WITH VOLARE'S FINANCIAL CRASH
(AGI) - Varese, Apr. 27 - This morning, the Financial Police of Varese has carried out a raid leading to the arrest of six people (three house arrests) and a series of home searches throughout Italy in the framework of the inquiry into the financial crash of "Volare Group" led by the Attorney's Office of Busto Arsizio (Varese). The investigations, coordinated by deputy prosecutor Roberto Craveia, have gone on for six months and the results achieved convinced the judge in charge of preliminary investigations, Adet Tony Novik, to sign the restrictive measures called for by chief prosecutor Antonio Pizzi, who recently moved to Monza.
The charges range from fraudulent bankruptcy to false in balance and money laundering. Arrests and searches were carried out in the provinces of Milan, Varese, Vicenza, Rimini and Rome. Overall 24 houses and offices have been searched. So far, 49 executives and managers of "Volare Group" (or other companies somehow related to this group) are reported to have received notices of indictment. Volare's bankruptcy was declared in late 2004. The charges refer to the period 2'001-2004. A press conference is scheduled to be held at the Attorney's Office of Busto Arsizio at 11am.. (AGI) .
27 APR 05
flyblue is offline  
Old 28th Apr 2005, 05:59
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So far the people arrested:

Soddu ex CEO
Zoccai founder and president
Gambaro ex CEO
Martinelli ex member of the board


Cheers
azdriver is offline  
Old 28th Apr 2005, 06:26
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I am already selling tickets for when these monkeys appear at the Busto Arsizio court.Worth giving up a precious day off to launch a bucket of rotten fruit in their general direction. Maybe a point system, 10 for a direct hit on Soddu,9 for Martinelli etc! I believe someone has already won points with an egg!
I think all parties interested in the Italian aviation scene should openly show these people what we think of them and their corrupt little(big) games. So, be there. The first 200 hundred tickets are free!
Yaw String is offline  
Old 28th Apr 2005, 09:11
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are all these guys running MyAir now?
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Old 30th Apr 2005, 12:38
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Relevant info on this topic for readers of Spanish here.

http://tinyurl.com/ap94x
Jorge Newberry is offline  
Old 30th Apr 2005, 19:54
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And yet, under a reformed management team, Volare are planning to restart operations under the Volareweb brand some time this summer on domestic flights out of Milan. Check their webiste; volareweb.com ...
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