Giovedì, 20 Settembre 2018

MPS executives to stand trial in September


Rome, June 11 - An Italian judge on Tuesday set
September 26 as the trial date for Giuseppe Mussari, the former
chairman of Monte dei Paschi di Siena (MPS), and two others on
obstruction charges in connection with a huge financial scandal
at Italy's third-biggest bank.
Mussari, former MPS director-general Antonio Vigni, and
former finance chief Gianluca Baldassarri were all ordered to
stand trial on charges of obstructing bank supervisors.
Those charges are in connection with the alleged
concealment of a money-losing contract between MPS and Japanese
investment bank Nomura.
Investigations began early this year after it emerged that
a previously undisclosed series of derivative and
structured-finance deals produced losses of around 720 million
euros for MPS, the world's oldest bank.
Senior officials from MPS are facing penalties totalling as
much as five million euros from the Bank of Italy for alleged
fraud and corruption.
Prosecutors say Nomura was involved in one of a series of
suspect derivative and structured-finance deals involving MPS.
The Japanese bank denies wrongdoing.
Mussari, Vigni and Baldassarri are also being probed for
crimes including usury, aggravated fraud, and issuing false
Mussari last year resigned from MPS and stepped down from
his subsequent post as chairman of the banking association ABI
after the scandal exploded in January. Baldassarri is under
house arrest.
There are also suspicions senior MPS managers were involved
in alleged corruption in the nine-billion-euro acquisition of
rival bank Antonveneta, at least two billion above its reputed
market value, in 2008.

© Riproduzione riservata

* Campi obbligatori

Immagine non superiore a 5Mb (Formati permessi: JPG, JPEG, PNG)
Video non superiore a 10Mb (Formati permessi: MP4, MOV, M4V)


Accedi con il tuo account Facebook

Login con

Login con Facebook