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MANAGERS AND JUSTICE – Profumo, Malacarne and Orsi out of legal trouble

MANAGERS AND JUSTICE - Alessandro Profumo (president of Mps and former CEO of Unicredit) acquitted because the Unicredit-Brontos fraud does not exist, Carlo Malacarne (CEO of Snam) acquitted of the charge of non-payment of excise duties on natural gas, Giuseppe Orsi (former CEO of Finmeccanica) acquitted after days in jail for alleged bribes on Agusta helicopters

Many days in the pillory and on the grill but a happy end for the judicial tribulations of three excellent managers such as the president of Montepaschi and former CEO of Unicredit, Alessandro Profumo, the current CEO of Snam rete Gas, Carlo Malacarne, and the former CEO of Finmeccanica, Giuseppe Orsi.

Three alleged supermanger scandals that deflate and end up in nothing but which, as had already happened in the past for other cases (the Scaglia affair teaches us), make us reflect on the functioning and timing of justice but also on the way of providing information where it is too easy to invent monsters but those who make mistakes never apologize to readers as well as those directly concerned.

The first case is that of Alessandro Pofumo, the most famous of Italian bankers who has been accused since 2011 
by the prosecutor of Milan Alfredo Robledo accused of having defrauded the tax authorities in the Brontos operation to save Unicredit 245 million in taxes. The other day, after years of dribbling the investigation between Milan, Bologna and Rome, the affair ended with Profumo's "full acquittal" "because the fact does not exist".

Instead, the managing director of Snam Rete Gas, Carlo Malacarne, was acquitted in the trial by the second criminal section of the Court of Milan, who had been accused of being responsible for the embezzlement from the tax authorities of 319 million on excise duties on natural gas for the 2007 tax years and 2008. Also for him “the fact does not exist”.

But the most sensational and most dramatic case is the one involving the former CEO of Finmeccanica, Giuseppe Orsi who was accused of having collected bribes of 10 million and having turned them over to the League for the supply of AgustaWestland helicopters to India: for this affair, which also had a great political uproar, Orsi had even been arrested and spent some time in jail. Now the investigating judge of Busto Arsizio has ordered the filing of the case.

Better late than never but the cases of Profumo, Malacarne and Orsi oblige to loving reflections.  

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