0
Broadband

BT faces criminal probe in Italy over accounting anomalies

Thursday 26 January 2017 | 11:16 CET | News
Italian prosecutors have opened a criminal investigation into BT's Italian business days after the company issued a profit warning related to accounting irregularities, the Financial Times reported. Milan prosecutor Fabio De Pasquale told the paper that the probe was focused on allegations of "false accounting and embezzlement".

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: BT
Countries: Italy
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

TIM, Wind Tre, Retelit interested in BT Italia's assets - report

Published 14 Jan 2019 08:59 CET | Italy
Telecom Italia (TIM), Wind Tre and Retelit are among the companies to have submitted an expression of interest for BT Italia's ...

Former BT CFO to lose more bonuses over BT Italia fraud

Published 02 May 2018 15:04 CET | United Kingdom
BT Group's former chief financial officer (CFO) Tony Chanmugam is set to be stripped of bonuses worth more than GBP 500,000, ...

Former BT Italia CEO awarded EUR 1.8 mln in damages - report

Published 07 Dec 2017 08:39 CET | Italy
An Italian court has awarded British Telecom ex BT Italia CEO Gianluca Cimini almost EUR 1.8 million for in damages for wrongful ...

BT Italia workers sign deal to avoid 202 job cuts

Published 19 Sep 2017 09:47 CET | Italy
BT Italia has signed a solidarity contract with trade unions to avoid cutting 202 jobs from its total workforce of 950. The ...

BT Italia workers to strike over job cuts

Published 17 Jul 2017 08:25 CET | Italy
BT Italia workers have announced a strike over the company's plans to cut 202 jobs from its total workforce of 950. A joint press ...

UK accounting watchdog starts probe of BT auditor

Published 03 Jul 2017 09:24 CET | United Kingdom
The UK's Financial Reporting Council has started an investigation into the audits by PricewaterhouseCoopers of BT's financial ...

BT Italia to shed 205 jobs

Published 28 Jun 2017 10:29 CET | Italy
BT Italia has announced plans to cut 205 jobs from its total workforce of 950 with a view to improving efficiency and identifying ...

BT switches to KPMG as auditor

Published 09 Jun 2017 08:39 CET | United Kingdom
BT announced that appointment of KPMG as its new auditor, following a tender process led by the company's Audit & Risk Committee. ...

BT plans job cuts as underlying revenues drop 0.9% in Q4

Published 11 May 2017 10:33 CET | World | Update: 11 May 2017 15:03 CET
BT ended what it described as a "challenging" financial year with results broadly in line with the revised outlook published in ...

BT files criminal complaint over Italy accounts fraud-report

Published 24 Apr 2017 08:32 CET | Italy
British Telecom has filed a criminal complaint with Italian prosecutors over the accounting scandal at its Italy unit in which it ...

BT board to claw back CEO pay after Italy scandal - report

Published 18 Apr 2017 15:28 CET | World
BT Group CEO Gavin Patterson may have to pay back a substantial portion of his salary package due to the fallout from an ...

BT preparing to sell troubled Italy unit - report

Published 04 Apr 2017 09:44 CET | Italy
BT is taking steps to sell its troubled Italian business to a local rival as part of a restructure of its Global Services ...

BT hits snag in urgent search for new auditor - report

Published 30 Mar 2017 09:08 CET | Italy
BT wants to appoint a new auditor to replace PricewaterhouseCoopers (PwC) as quickly as possible but is being hampered by the ...

BT confirms resignation of Europe chief after Italy scandal

Published 13 Feb 2017 09:21 CET | Italy
BT has confirmed the resignation of its continental Europe chief Corrado Sciolla following the accounting scandal at its Italian ...

Omzet BT omhoog door overname EE, winst daalt

Published 27 Jan 2017 12:20 CET | United Kingdom
BT heeft over zijn derde fiscale kwartaal, eindigend 31 december, een omzet gerealiseerd van 6,1 miljard Britse pond, omgerekend ...

BT hit by more lawuits in the US, alleging securities fraud

Published 26 Jan 2017 15:14 CET | United States
A number of shareholder suits have been filed against BT Group in the US district courts of Manhattan (New York) and Newark (New ...

BT cuts outlook as Italian accounting problems grow

Published 24 Jan 2017 08:35 CET | Italy
BT has warned of higher than expected costs for the accounting problems at its Italian operations, leading to a downgrade in its ...

BT earnings hit by Italian charge, underlying sales up 1.1%

Published 27 Oct 2016 10:55 CET | United Kingdom
BT said it booked a GBP 145 million non-cash writedown in its fiscal second quarter to September following an internal probe into ...

BT Italia CEO, COO suspended - report

Published 30 Sep 2016 10:21 CET | Italy
British Telecom (BT) has suspended the two leading executives of its Italian unit following the launch of an internal ...