Daniela Santanché investigated for another bankruptcy after the Bioera collapse
Tourism Minister Daniela Santanché is formally investigated in Milan for another alleged bankruptcy linked to the collapse of Bioera, a biofood group she chaired until 2021.
Tourism Minister Daniela Santanché is facing serious legal challenges as she is formally investigated in Milan regarding another alleged bankruptcy. This development comes on the heels of the collapse of Bioera, a biofood company where Santanché served as the president until 2021. The probe was made public by ANSA, highlighting the troubled financial history surrounding her tenure at the company.
The Milan bankruptcy court began judicial liquidation proceedings for Bioera in December 2024. This is a legal process that mirrors the previous bankruptcy and raises significant concerns about the financial practices within the company during Santanché's leadership. Notably, the company's former administrators included Canio Giovanni Mazzaro, who is also linked to Santanché, adding a layer of personal implication to the investigation.
This is not the first time Santanché's business dealings have come under scrutiny. Following the Ki Group bankruptcy in June of the following year, which posed additional scrutiny on her professional conduct, her political career could be facing significant fallout. As the story develops, it underscores the complexities of intertwining politics with personal business affairs, especially in high-profile positions such as hers.