Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Prosecutors seek over 18-year jail sentence for ex-Atlantia CEO over Genoa bridge collapse
    Finance

    Prosecutors seek over 18-year jail sentence for ex-Atlantia CEO over Genoa bridge collapse

    Published by Global Banking & Finance Review®

    Posted on October 14, 2025

    2 min read

    Last updated: January 21, 2026

    The image illustrates Selwood Asset Management's proposal for Louis Hachette to change its stock market listing, emphasizing potential growth and visibility in the finance sector.
    Selwood Asset Management advocates for Louis Hachette market listing change - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:insuranceinfrastructure financingfinancial stabilitypublic policyrisk management

    Quick Summary

    Prosecutors demand an 18.5-year sentence for ex-Atlantia CEO over the 2018 Genoa bridge collapse that killed 43. The trial involves 56 defendants, with a verdict expected by 2026.

    Prosecutors Demand 18.5 Years for Former Atlantia CEO in Bridge Case

    MILAN (Reuters) -Italian prosecutors sought on Tuesday an 18-1/2-year prison sentence for former Atlantia CEO Giovanni Castellucci over the deadly 2018 collapse of a motorway bridge in the northwestern port city of Genoa.

    Prosecutors are continuing their closing arguments in the three-year trial involving 56 other defendants, including employees and executives of the company that operated the bridge, the firm responsible for its maintenance and the Transport Ministry.

    Castellucci is already in a Rome prison, serving a six-year sentence over another fatal incident in 2013 on a viaduct in southern Italy.

    The Morandi bridge in Genoa, operated by Atlantia's motorway unit Autostrade per l'Italia (Aspi), collapsed at the peak of the summer holiday season on August 14, 2018, killing 43 people and laying bare the state of Italy's crumbling infrastructure.

    The defendants face charges ranging from multiple manslaughter to making false statements. They have all denied the accusations.

    Autostrade and its then maintenance subsidiary SPEA had the case against them closed in 2022 after a judge approved their financial settlement.

    The bridge's collapse caused a dispute between Atlantia, controlled by the Benetton family, and the government that ended in 2021 with the sale of Atlantia's controlling stake in Autostrade.

    Investigations found that the collapse was triggered by the rupture of the load-bearing cables inside the stay of the bridge's ninth pillar, which were eaten away by a highly corrosive atmosphere over the 51 years of the bridge's life.

    Prosecutors alleged the collapse was caused by years of missed, inadequate or falsified maintenance aimed at delaying necessary repairs for as long as possible while continuing to pay dividends to shareholders.

    Defence lawyers said the disaster was a result of an original construction flaw at the top of stay cable number 9 — the one that collapsed — which they said was impossible to detect and could not have been prevented by maintenance.

    Civil party experts said that structural issues had previously been identified in cables 10 and 11, which were then reinforced, making it foreseeable that similar problems could have affected cable 9.

    After prosecutors and civil plaintiffs have made their closing arguments, defence lawyers for all the defendants will present theirs in the coming months. A first-instance verdict is not expected before spring 2026.

    (Reporting by Emilio Parodi; Editing by Cristina Carlevaro and Emelia Sithole-Matarise)

    Key Takeaways

    • •Prosecutors seek 18.5-year sentence for ex-Atlantia CEO.
    • •The 2018 Genoa bridge collapse killed 43 people.
    • •56 defendants are involved in the ongoing trial.
    • •Collapse linked to maintenance failures and structural flaws.
    • •First-instance verdict expected by spring 2026.

    Frequently Asked Questions about Prosecutors seek over 18-year jail sentence for ex-Atlantia CEO over Genoa bridge collapse

    1What is infrastructure financing?

    Infrastructure financing refers to the funding of large-scale public works projects, such as bridges, roads, and utilities, which are essential for economic development and public welfare.

    2What is financial stability?

    Financial stability is a condition where the financial system operates effectively, with institutions and markets functioning smoothly, minimizing the risk of financial crises.

    3What is risk management?

    Risk management involves identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events.

    4What is insurance?

    Insurance is a financial arrangement that provides protection against financial loss or risk, where individuals or entities pay premiums to receive compensation for covered events.

    More from Finance

    Explore more articles in the Finance category

    Image for Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Image for Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Image for NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    Image for Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Image for US wants Russia, Ukraine to end war by summer, Zelenskiy says
    US wants Russia, Ukraine to end war by summer, Zelenskiy says
    Image for Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Image for Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Image for The Kyiv family, with its pets and pigs, defying Russia and the cold
    The Kyiv family, with its pets and pigs, defying Russia and the cold
    Image for Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    Image for French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    View All Finance Posts
    Previous Finance PostMeta tightens teen safeguards on Instagram with PG-13-style content filters
    Next Finance PostMadagascar army colonel says military has taken charge of nation