Charges filed over Adria Airways bankruptcy
NEWS FLASH
The National Investigation Office (NPU) has filed criminal charges against four suspects in its investigation over alleged irregularities at Slovenia’s former national carrier Adria Airways. The charges relate to crimes involving abuse of office and damages amounting to 3.6 million euros. Adria’s bankruptcy administrator, Janez Pustatičnik, has said it would make sense to file a lawsuit against Adria’s German-led management team, which oversaw its collapse. Adria was managed by turnaround fund 4K Invest, which is believed to have funnelled money from the airline and inked a number of highly damaging consultancy agreements on behalf of the Slovenian carrier with other companies in its ownership. Allegations of abuse of office and business fraud, including the theft of 5.000 US dollars from the company’s safe following its bankruptcy in September 2019, are also being investigated by police. Last year it was announced that the NPU was investigating Adria’s last two CEOs - Arno Schuster and Holger Kowarsch.
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