Day of reckoning looms for the bosses of BT’s stricken Italian arm
The trial into accounting irregularities at BT Italia is opening at last and could cast a shadow over the telecoms giant for years to come
Credit: Illustration by Alex Mellon for The Telegraph
Mike Rake was welcomed back to London with a bump. Chairman of BT at the time, he was returning from the snow-covered hills of Davos, the Swiss ski resort that doubles up as home to the World Economic Forum.
But no sooner had the plane door opened than the phone started ringing: it was the worst possible news. After months of investigation by forensics accountants, the scale of the problems facing BT’s Italian business were becoming clear.