Adria Airways: Police Examine Suspected Fraud, Abuse of Office

By , 16 Feb 2020, 10:06 AM Business
Adria Airways: Police Examine Suspected Fraud, Abuse of Office Flickr - Aero Icarus CC-by-SA-2.0

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Ex-Yu Aviation reports that events surrounding last year’s collapse of Adria Airways are now under investigation by the Slovenian police, who are looking into suspected abuse of office and fraud. Adria was last owned by a Luxembourg based German fund, 4K Invest, which liquidated a number of affiliated companies after the carrier’s collapse, making investigations of the circumstances more complicated. What’s more, 4K itself has closed its website and cut off its phone lines, as well as disappearing from business registries in a number of companies

The whole story is worth a read, and although no specific allegations are being made yet by the police, there are enough odd facts and suspect actions to raise questions as to whether 4K was ever sincere in its wish to run Adria Airways, and why the Slovenian government did not choose to find a strategic partner within the aviation industry.

All our stories on Adria Airways are here

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