Lastminute.com searches for new boss after CEO is taken into custody by Swiss authorities

Lastminute.com has kicked off the search for a boss after its chief executive was taken into custody by Swiss authorities. 

Fabio Cannavale and operations chief Andrea Bertoli are being held as part of a probe into possible misuse of Covid state aid funds. 

The travel website said it had suspended both for at least three months. The investigation into misuse of pandemicrelated funds is focused on Lastminute’s Swiss operations, and whether it took unfair advantage of Switzerland’s equivalent of the furlough scheme. 

Chairman Laurent Foata said last week: ‘The company will work alongside the Swiss authority to quickly clarify matters.’