Taxpayers bear the Swissair demise.
Fonction | NEWS |
A Zurich court cleared all 19 former Swissair managers and advisors of criminal malpractice, leaving taxpayers to ante up a further SFr 3.0 million in compensation for the exonerated executives.
Meanwhile the investigation and staffing cost for Switzerland's largest-ever corporate trial had already topped SFr 6 million.
The defendants denied charges of damaging creditors, mismanagement, making false business statements and forging documents.
Prosecutors had requested sentences ranging from fines to six months in prison.
"There is no evidence that the defendants knowingly acted to damage the company," said Andreas Fischer, the presiding judge in the court in Bulach in June.
"In part, there is a lack of evidence from the prosecuting attorney that the critical actions taken actually led to damage at the SAirGroup," he said. Prosecutors were able to appeal the acquittal until June 17. At press time no appeal had...
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