Mps, for Profumo and Viola 6 years in prison and a 2.5 million fine

0
6
Mps, for Profumo and Viola 6 years in prison and a 2.5 million fine


The Court of Milan sentenced Alessandro Profumo and Fabrizio Viola to 6 years of imprisonment, who ended up on trial as former president and former CEO of MPS in an investigation into the Sienese bank. A fine of 2.5 million euros each was also imposed. The institute was instead sentenced to a fine of 800 thousand euros, while for Paolo Salvadori, then president of the board of statutory auditors, the penalty was 3 years and 6 months.


Mps, for Profumo and Viola 6 years in prison and a 2.5 million fine


© Ansa
Mps, for Profumo and Viola 6 years in prison and a 2.5 million fine


Additional ritual penalties – In addition to 6 years and a fine of 2.5 million each, Profumo and Viola were also sentenced to the ancillary penalties, including 5 years of interdiction from public offices and two years of interdiction from corporate management offices. For the current president of Banca Leonardo, on trial, however, as former president of MPS, for Viola at the time CEO of the credit institution, for Salvandori and for the bank itself, the Public Prosecutor had asked the investigating judge to file it, then rejected , and, last June, during the trial, he renewed the acquittal proposal. Previously Fabrizio Viola was incorrectly indicated as the current senior advisor of BCG, news sent by the Ansa agency, a position however no longer held since 2018.

False balance sheet and stock manipulation – The accusations were of false accounting and stock manipulation in relation to the Alexandria and Santorini derivatives and their accounting at open balances in the financial statements of Mps for the years 2013 and 2014 and the first half of 2015. The prosecutor Stefano Civardi, during his indictment, before reiterating the request for acquittal, he explained that this accounting, although “incorrect”, “certainly was not aimed at deceiving shareholders and markets”.

The defense: “Wrong sentence” – “We will carefully read the reasons and we will certainly appeal against a sentence that we consider wrong. We have always believed in the correct work of our clients”: this is the comment of the lawyer Adriano Raffaelli, one of the defenders of Alessandro Profumo and Fabrizio Viola.

LEAVE A REPLY

Please enter your comment!
Please enter your name here