Swiss Billionaire Stephan Schmidheiny Convicted Over Italy Asbestos Deaths

A protestor holds a sign showing she is glad of billionaires conviction.

A woman holds a sign reading “Stephan Schmidheiny your place is in jail” during the trial of two former Eternit executives, on February 13, 2012 in Turin. Photo: GIUSEPPE CACACE/AFP/Getty Images

Billionaire Scandals – Swiss billionaire Stephan Schmidheiny, 71, the former majority shareholder in Italian asbestos company Eternit Genova, has been found guilty of involuntary manslaughter and sentenced to four years in prison after the death of two people in Turin.

The ruling marks the latest twist in a decade-long battle between Schmidheiny, the Turin prosecution, former Eternit workers and residents of towns near the company’s asbestos plants.  

Prosecutor Gianfranco Colace said the ruling was the “first step” in setting a precedent on deaths from cancer and pulmonary diseases, which can take years to develop after contact with asbestos fibers.

Read much more at Forbes – Billionaire Convicted Over Italy Asbestos Deaths

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