Martedì, 25 Settembre 2018

Lawyers say MPS ex-chairman Mussari answered prosecutors


Siena, February 15 - The ex-chairman of struggling
Monte dei Paschi di Siena (MPS), who was jeered at by a crowd of
protesters earlier Friday, answered all prosecutors' questions,
his lawyers said.
They issued a statement after Giuseppe Mussari, who
resigned from MPS last year, was called in for questioning along
with Antonio Vigni, the ex-general manager.
Mussari is now reportedly under investigation for market
manipulation, fraud, obstructing the work of banking watchdogs,
issuing false statements and - as of Thursday - collusion in
obstruction of proper oversight with the former head of the MPS
finance department Gianluca Baldassari and Vigni.
A small crowd of angry protesters greeted Mussari as he
entered the local courthouse for questioning by prosecutors,
throwing coins and shouting "thief" and "buffoon".
The Italian central bank announced last month that while
scrutinizing MPS documents, they found a previously undisclosed
series of derivative and structured-finance deals produced
losses in excess of 720 million euros under Mussari's watch.
MPS, Italy's third-largest lender and the world's oldest
bank, is creaking under the weight of the failed derivatives
transactions and alleged corruption which has involved some of
the bank's top managers.
Besides the Siena investigation, separate MPS probes are
underway in Rome and Trani in the southern region of Puglia.

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