this post was submitted on 11 Feb 2024
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Sad that the company was able to declare bankruptcy, rather than the directors being held criminally liable.
CEO got a 3-month suspended sentence
Not even remotely enough
That's a start, but on its own pretty meaningless. A suspended sentence means he does not go to prison, so long as he behaves himself for a year or however long.
The article doesn't go into it, but I hope he was also fined heavily. All we have is "the court determined it could not be resolve through fines, a prison sentence is warranted".
See? CEOs get criminal liabilities! Capitalism works!
(/s alas)