Mps, former leaders Mussari, Vigni and Baldassarri with Deutsche Bank and Nomura for the operations connected with the purchase of Antonveneta


All convicted in the process for the derivatives of Monte dei Paschi di Siena. The Court of Milan he gave 7 years and 6 months in jail to former president Mps – and former number one of the ABI – Giuseppe Mussari, 7 years and 3 months to the former general manager Antonio Vigni and 4 years and 8 months for the former finance manager Gian Luca Baldassarri, defendants for the alleged irregularities in the operations carried out by the Sienese bank between 2008 and 2012 to cover the losses due to the acquisition of Antonveneta, cost about 10 billion euros in 2008. The judges also condemned Daniele Pirondini, former financial director of Rocca Salimbeni, at 5 years and 3 months. They were also found guilty Deutsche Bank and its London branch e Nomura, defendants in Milan as bodies. They will have to pay financial penalties of over 3 million euros and have been ordered confiscations for a total amount of over 150 million euros.

The heads of imputation range from false corporate communications to obstacle enforcement to the authority of supervision. On the dock – all convicted – there are 13 people, in addition to the former MPS leaders also six former executives of Deutsche Bank and two former managers of Nomura and three companies: Nomura and the London office and Deutsche headquarters. The Sienese bank came out of the process with a plea bargain in 2016.

The object of the process, in particular, were derivative transactions Santorini is Alexandria, on the hybrid loan Fresh and on the Chianti Classico securitization. Operations that according to the accusation, represented by the pm Giordano Baggio, they would have been used to hide losses of over 2 billion euros.

All convicts were granted "generic mitigating circumstances", with the exception of Mussari and former managing director of Deutsche Bank Ivor Scott Dunbar. Excluding the aggravating circumstances of transnationality and the "serious harm to savers".


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