Italian Prosecutors Seek Trial For BT Italy, Former Executives In Fraud Case | 5/10/2018 | Staff
bab_ohhbab_ohh (Posted by) Level 3
MILAN (Reuters) – Milan prosecutors investigating an accounting scandal at the Italian unit of British Telecom have asked for the unit and 23 defendants, including three former top executives, to be sent to trial, three people with knowledge of the case said on Tuesday.

The sources said the document filed by prosecutors, requesting a Milan judge to order a trial, alleges that a network of individuals in BT Italy exaggerated revenues, faked contract renewals and invoices and invented bogus supplier transactions in order to disguise the unit’s true financial performance.

Sources - Judge - Hearing - Mid-December - End

One of the three sources said the judge had scheduled a preliminary hearing in mid-December, at the end of which she will decide whether to put BT Group PLC’s Italian unit and the defendants on trial on charges of false accounting, issuing invoices for fictitious operations and fraud in public procurement, or whether to dismiss the case.

A spokesperson for British Telecom declined to comment. “We have not yet had formal notification as to what charges the Milan prosecutor has asked the Court to lay and against whom. Given that, it would be inappropriate to comment on an ongoing investigation,” he...
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