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Milano Court Orders Judicial Liquidation of Ki Group Holding Spa, Once Led by Santanchè

Prosecutors sought liquidation after the firm missed its rescue plan deadline, raising the prospect of new legal scrutiny for Tourism Minister Daniela Santanchè

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Overview

  • On June 5, 2025, the Tribunale di Milano opened judicial liquidation proceedings for Ki Group Holding spa at the request of prosecutors Marina Gravina and Luigi Luzi.
  • The company failed to submit any concordato proposal or formal restructuring plan within court-mandated deadlines, eliminating alternative crisis solutions.
  • Judges cited roughly €1.4 million in unpaid tax and social security debts dating from October 2020 and a negative equity of over €6.5 million as of February 2025.
  • Marco Garegnani was appointed bankruptcy trustee to manage asset sales and prepare a report for Milan prosecutors and creditors.
  • The liquidation marks the latest in a series of collapses tied to Daniela Santanchè and may trigger fresh investigations into her role in the company’s failures.