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Share Price: 175.00
Bid: 174.90
Ask: 175.00
Change: 3.10 (1.80%)
Spread: 0.10 (0.06%)
Open: 170.70
High: 175.40
Low: 170.70
Yest. Close: 171.90
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RPT-BT Italy trial postponed due to faulty air conditioning

Wed, 23rd Jun 2021 12:46

(Repeats to additional subscribers)

MILAN, June 23 (Reuters) - A trial into alleged false
accounting at the Italian unit of British Telecom was
postponed on Wednesday after the courtroom's air conditioning
broke down.

The case is being heard in a high-security courtroom on the
outskirts of Italy's financial capital, usually chosen for Mafia
trials but in use now to comply with coronavirus restrictions.

"The trial is postponed to September 10 due to the lack of
air conditioning and sound recording equipment today," the lead
judge Flores Giulia Tanga told dozens of lawyers, who had their
court robes draped over their shoulders because of the heat.

None of the defendants were present in the courtroom.

Judge Tanga set a date for four more hearings between now
and the end of the year.

"From January we will be able to intensify the hearings with
a view to completing the trial by June 2022," she added.

Milan prosecutors allege that between 2015 and 2016 a
network of BT Italy employees inflated revenues, faked contract
renewals and invoices and invented bogus supplier transactions
in order to disguise the unit's true financial performance.

There are 20 defendants, including two former senior BT
executives and the Italian subsidiary itself. All the accused,
including BT Italy, have denied any wrongdoing.

BT took a 530 million pound ($725 million) charge in its
accounts in 2017 relating to the alleged false accounting.

Under Italian law, a company can also be prosecuted for
offences committed by its managers in its own interest.
(Reporting by Emilio Parodi; Editing by Crispian Balmer)

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