Catania, Tecnis bankruptcy: Costanzo and Bosco entrepreneurs condemned

The Gup of Catania, Simona Ragazzi, sentenced, with the rite of plea bargain, the entrepreneurs Mimmo Costanzo and Concepts Bosco, respectively, to three years and eight months and to 4 years of imprisonment for the bankruptcy of Tecnis, a company that operated in the works sector public.

Also imposed, with the same rite, three years and four months to Orazio Bosco, Concept’s brother, and two years of imprisonment to Gaspare Di Paola. The ruling also provides for the return of assets still seized to the liquidators of the company. Other assets seized had already been returned to Tecnis.

The investigation was based on investigations by the economic and financial police unit of the Catania financial police which resulted, on February 21, 2020, in the arrest of the four suspects and the seizure of assets for approximately 94 million assets.

According to the Prosecutor, the “management of Tecnis” has “stripped the company of almost 100 million euros, from 2011 to 2014, aggravating its failure and making it insolvent”. The investigation, coordinated by the prosecutor Carmelo Zuccaro, by the adjunct Agata Santonocito and by the substitutes Alessandra Tasciotti and Fabio Regolo, and the investigations of the Pef nucleus of the GDF rebuilt the dense network of connections between the companies of the Tecnis galaxy, which almost always operated on public contracts and that at the start of the extraordinary administration procedure had a job order portfolio of 700 million euros, had about 600 employees and was burdened by ascertained liabilities of almost 180 million euros, of which 94 million for tax debts.