Switzerland prosecutors to appeal acquittal of Swissair executives

[JURIST] Prosecutors in Switzerland [JURIST news archive] said Wednesday that they have decided to appeal last week's acquittal [JURIST report] of all 19 executives and consultants charged in connection with the collapse of Swissair Group [liquidation website; Wikipedia backgrounder], the former Swiss national airline. Zurich prosecutors had been considering an appeal [press release, in German] since the decision was handed down on June 7, and will file it with the Superior Court of Zurich by June 27. The defendants had been found not guilty on criminal charges of damaging creditors, mismanagement, forging documents, and making false statements about Swissair's financial solvency.

The ruling in favor of the executives also included compensation of more than 3 million CHF ($2.5 million USD) between them, to be paid for by taxpayers. Unions of former employees, politicians, shareholders, and others decried the ruling [Swissinfo report]. The airline's collapse cost thousands their jobs, and it is believed that creditors' claims total as much as $23 billion. AP has more.



 

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