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Menarini Owners Acquitted Of Fraud

 
• By Eleanor Malone

Lucia and Giovanni Aleotti have been cleared of fraud against the Italian health system, and will continue to lead the Florentine company transformed into a major multinational by their father.

Justitia
• Source: Shutterstock

The brother and sister owners of Italy’s largest pharma company, Menarini Group, have been acquitted of money laundering by the Court of Appeal in Florence. Lucia and Alberto Giovanni Aleotti had been found guilty in the Court of First Instance in 2016 and sentenced to prison. The court has now cleared them of all charges and ordered that about €700m that had been seized from the defendants be restored to them.

Menarini board member Carlo Colombini expressed satisfaction that the ruling “recognized the complete inexistence of the alleged fraud against the...

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