BT pursuing legal action against Italian executives

24 Apr 2017

It has emerged that the UK-based BT Group has filed a criminal complaint with Italian prosecutors against a number of former executives following an accounting scandal at its BT Italia unit. According to a report from Reuters, BT is accusing three former Italy executives and two other employees of breaking company rules and unlawful conduct. The report suggests that staff ‘exaggerated revenues, faked contract renewals and invoices, and invented bogus supplier transactions in order to meet bonus targets and disguise the unit’s true financial performance’. BT said in January that it was writing down the value of its Italian business by GBP530 million (USD660 million) due to what it termed as ‘inappropriate behaviour’ by certain employees. The UK group has since revealed that it is looking to offload BT Italia, with potential buyers thought to include Vodafone Italy and local ISP Fastweb.

Italy, BT Group (incl. Openreach), BT Italia