The former Director (Finance) and former Executive Vice President, according to police, are suspected of offenses related to risky derivatives agreements.
On the other hand, the former Chief Executive Officer and former Chief Finance Officer are suspected of disregarding Finavia's financial organisation and failure to report to the Finavia Board the agreements made by the Finance Manager and Executive Vice President.
The agreements incurred a loss of 34 million euros for Finavia. The derivatives transactions took place between 2009 and 2011.
Finavia began an investigation into the matter in September last year, and the case has moved to the police for consideration of criminal charges.
