Police on Friday arrested
Antonino Pulvirenti, former president of bankrupt low-cost
airline Wind Jet, accused of fraudulent bankruptcy.
An arrest warrant was also issued for former Wind Jet CEO
Stefano Rantuccio.
The investigation leading to the arrests probed 14 people
involved in the company's bankruptcy, which claimed liabilities
of more than 238 million euros.
The company suspended flights in August 2012, leaving
thousands of passengers grounded and about 500 employees out of
work.
Investigators said fraudulent operations to hide the
company's losses began in 2005.+
Pulvirenti is the former chairman of Catania soccer club,
who were demoted from the second to third tier in August after
he confessed to paying to fix five matches to ensure the
Sicilian club did not get relegated from Serie B the previous
season.
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