..............

 

Sopaf S.p.A.  

... the “dirty linen”

. 
Jody Vender has experienced with evident discomfort the meeting of the 30th  last. 
Indeed it has been talked a lot and for a long time about the “dirty linen” risen in the administration of the controlled Superga S.p.A. A “cash deficit” having carried - in the balance of the Sopaf S.p.A. - corrections for per 39.199 millions, bringing as consequence the closing of the balance with a loss - that of Sopaf - that could have had a positive result. 
What have turned, and turns more “disagreeable “ the “event”, is the dutiful statement of the fact that a manager of the Group Leader, belonging to the Board of Directors of the Controlled, has exercised the mandate at least with guilty “shallowness”. Indeed he has backed by the means of his presence and his signature balances that (as it seems) did not show the numbers related to the stock of goods and credits corresponding dutifully to the checking in reality. 
It is written as regards to, in the Sioaf's Directors report: 
“The Board Of Directors of Superga S.p.A. has entrusted a special mandate to two of its components so to evaluate, properly supported by a legal practice, whether  there are or not the premises for an eventual legal action against the directors that were entrusted, by virtue of the special authorization and attribution of corresponding powers, with the management of the Superga S.p.A. and the control of its economic trend. This purpose the Sopaf S.p.A., since it's the majority partner of the Superga S.p.A., reserves to evaluate the eventual proposal of the Board Of Directors of the latter company that will present at the shareholders meeting.” 
For the “objective “ responsibilities coming from the charges hold at the Superga, are involved, against their will, even Senator Franco Debenedetti (President on charge till 21.5.98) and the auditors Lionello Jona Celesia and Luigi Guatri: the first one has undersigned and the others have declared on oath balances whose data does not seem to agree with truth. 
Jody Vender has assumed personally the chairmanship of the Superga so to follow directly the delicate phase of ascertainments and reorganization.  
It must be acknowledged to him that he accepted a wide debate about the Superga matter and that he admitted the seriousness of the fact without relieving himself and the management of the Controller Company of the corresponding responsibilities.  
Vender paused upon illustrating the check-up the firm has undergone and the strategy to bring it back to profitability. 
Keeping the sense of proportion the “ cash deficit “ in the Superga's accounts has evident analogies with that rising out from the evaluation of the stock books of the RCS and that caused a remarkable scandal. 
About the Superga's “dirty linen” it was not heard the roll of drums; it was not sounded the trumpets; it seems there are not investigations in course for “ falsification of the account”: at least for the moment.  
Things are better like that! 

 

 

 

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