Visibilia, Ki Group and Daniela Santanché’s somersaults
New chapter in the judicial case concerning Santanché: the Milan Prosecutor's Office requests bankruptcy for Bioera and Ki Group. And to think that the minister of the Brothers of Italy in the Senate said that…
In the judicial-media case involving the Minister of Tourism Daniela Santanché and the companies Visibilia and Bioera it seems that news travels faster than notifications from the judiciary. With a note presented last September 20, the Milan Prosecutor's Office requested the bankruptcy of Ki Group, the company that belongs to the Bioera group in which, in 2014, Santanchè and the then partner and father of the minister's son became a majority shareholder. Caius Mazzaro.
BIOERA KNEW NOTHING ABOUT THE BANKRUPTCY REQUEST
A press report that Bioera knew nothing about. “Regarding press reports reported yesterday in some newspapers regarding a request to open judicial liquidation by the Public Prosecutor's Office at the Court of Milan” Bioera (Ki group) specified in a note that “it does not be aware of it." A situation very similar to that of Minister Daniela Santanchè who last July in the Senate said she knew nothing about the investigation by the Milan Prosecutor's Office for false accounting. The Bioera company underlines "how the dissemination of said information is not in any case compliant with the law: information on insolvency procedures is strictly confidential, even more so until the interested party has been made aware of it through the formal notification of the appeal and of the decree setting the hearing by the delegated judge". Furthermore, Bioera writes that it does not know "who spread this news: Bioera, in order to protect its image and that of its shareholders, must therefore reiterate that it has not, to date, received notification of anything".
THE RELATIONSHIP BETWEEN KI GROUP AND SANTANCHÉ
According to what was reported by Repubblica , since 2014 the company has had increasingly difficult to remain on the market and although, as reported by Report , some employees have still not received severance pay after being fired, and suppliers have gone bankrupt due to non-payments, “Both Santanchè and Mazzaro received emoluments amounting to millions of euros as members of the boards of directors of the group headed by Bioera”, writes the newspaper. In her speech in the Senate, the minister said that from Ki Group srl she had collected "27 thousand euros gross in three years, an average of 9 thousand euros per year for the previous years, between 2014 and 2018 in which the company made positive operating margins , I received a gross annual value of around 100 thousand euros from the parent company" underlining that these are not the "stratospheric salaries" mentioned.
THE PROMISE (NOT KEPT) OF MINISTER SANTANCHÉ IN THE SENATE: SALARIES AND TFR OF KI GROUP EMPLOYEES WILL BE PAID
During her speech in the Senate, Minister Santanché said that the debts owed to the workers (who were missing some salaries and severance pay) would be paid. The minister said she had "requested information and I can inform you that the employees of Ki Group Srl will be fully satisfied with regard to all their credit rights. You can verify this because it is written in the settlement agreement." This did not happen because the Milan Prosecutor's Office, with a note signed by prosecutors Luigi Luzzi and Giuseppina Gravina, rejected the request for an agreement with creditors (former employees and suppliers) presented by Ki Group requesting the bankruptcy of the entire group .
THE MILAN PROSECUTOR'S OFFICE DOES NOT CONSIDER KI GROUP'S "GUARANTEE" BIOERA RELIABLE
The Prosecutor's Office did not consider the proposal to have the debt of 1.56 million Ki Gropu guaranteed by Bioera credible. Bioera's accounts "are catastrophic – writes Il Fatto Quotidiano -: the listed company closed 2022 with a negative net worth of 5 million, debts of 7.9, revenues of just 626 thousand euros, costs of 4.2 million, loss of 4 .1 million”.
THE PUBLIC PROSECUTION REQUESTS BANKRUPTCY PROCEEDINGS FOR BIOERA AND KI GROUP
Since this is the situation of Bioera's accounts, "it is not clear how it can shoulder the economic weight of the plan proposed by Ki Group. The undersigned therefore conclude by noting the manifest inadequacy of the proposed plan and the non-feasibility of the same with regard to the guarantees offered to ensure the liquidation, to clear damage and fraud to creditors with consequent prejudice aggravated by the failure to communicate important information to the bodies of the procedure" . For this reason the magistrates are asking for the start of bankruptcy proceedings for all the companies in the group, both Bioera and Ki Group. Furthermore, according to what was written by the Prosecutor's Office, "no indication is provided regarding an effective and complete dialogue with the creditors, in order to gather a possible consensus" and the appellant "does not appear to have provided an analysis of costs and revenues management expected from the continuation of the taking activity envisaged by the composition plan, with the aim of avoiding a detriment to the creditors pending the disposal of the entire company assets".
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/visibilia-ki-group-e-le-capriole-di-daniela-santanche/ on Thu, 21 Sep 2023 13:49:46 +0000.