Mps "breathes" with the new Treasure: but has 20 billion obstacles
In fact, condemnations have also been removed from the banks that acted as counterparties in the Monte dei Paschi operations. Deutsche Bank AG and Deutsche Bank London Branch are affected by the total confiscation of 64 million euros and a fine of 3 million euros. The two companies of the German group are charged under law 231/2001 on the administrative liability of institutions. The Japanese bank Nomura is also condemned for the confiscation of 88 million euros and a fine of 3.45 million euros, also in this case for the law 231.In detail, the incriminated operations respond to the now known names of the Santorini and Alexandria derivatives, to which are added the Fresh hybrid loan and the Chianti Classico securitization.
The judges of the second penal section, chaired by Lorella Trovato, after the revocation of some constitutions of a civil party, entered the council chamber in the morning. The crimes disputed in various capacities were market manipulation, false accounting, false prospectus and obstacle to the supervisory bodies, the latter in part prescribed. The highest penalties requested by the prosecutors were those for Vigni and Mussari, 8 years in prison and 4 million fines. For DB and Nomura, 1.8 million euros in penalties were requested for each, and confiscation of 440.9 million euros and 444.8 million euros.
Mps, so the "dirt" ended "under the carpet"
The process began in December three years ago and saw about 1,300 civil parties, including small investors, savings associations, the Bank of Italy and Consob. The latter, however, the last hearing revoked the constitution against the 6 former managers of DB and consequently also against the two German companies. The German bank has in fact entered into transactions with several savers who have thus left the process.
Nomura also paid compensation to some civil parties, who also withdrew their constitution.
Instead, almost all the initial civil parties have remained against MPS, cited as a civil manager. Public prosecutors Giordano Baggio, Mauro Clerici and Stefano Civardi, last May had asked to condemn, in addition to the former leaders and foreign credit institutions, Daniele Pirondini, former MPS financial director, to 6 years of imprisonment and to 1 million and a half fine, Marco Di Santo, at the time responsible for Alm (Asset Liabilities Management and Capital Management) within the Treasury and Capital management area of Rocca Salimbeni, 2 and a half years in prison and a fine of € 800,000.
For the former managers Michele Faissola, Michele Foresti and Dario Schiraldi a penalty of 5 years and 8 months and 1 million and 400 thousand euros of fine had been requested and 2 and a half years in prison and a fine of 800 thousand euros for Marco Veroni, ex director-account manager of Db Ag London Branch, a branch which, as an institution, must be acquitted. With regard to the former directors of Nomura, Sadeq Sayeed and Raffaele Ricci, the request was 6 years and a half million fine. With regard to the former managers of Deutsche Bank, the former managing director Ivor Scott Dunbar and Matteo Angelo Vaghi have been proposed to carry out the formula "for not having committed the crime". Monte dei Paschi di Siena, accused as an institution, in July 2014 had bargained 600 thousand euros for a penal sanction and a confiscation of 10 million euros.
All the defendants, both natural and legal persons, were sentenced in the trial. "Great astonishment" and "sure appeal in Appello", the comment of Giuseppe Iannacone, defender of the defendants of DB convicted, after the sentence.