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All Swissair defendants cleared All Swissair defendants cleared
(10 minutes later)
All 19 defendants accused of mismanagement, fraud and false accounting in the collapse of Swissair have been cleared. All 19 defendants accused of mismanagement, fraud and false accounting linked to the collapse of Swissair have been cleared.
Switzerland's biggest corporate trial looked into the events leading up to the airline's collapse in October 2001. Switzerland's biggest corporate trial looked into the events leading up to Swissair's grounding in October 2001.
The defendants included former board members, executives and consultants. The defendants included its last chief executive Mario Corti, who was the only one facing a prison sentence.
The collapse of Swissair shook confidence in the country's business leadership and prosecutors had called for prison sentences. The collapse of Swissair shook the country's confidence in its business leadership.