MILAN -Prosecutors in Milan have requested that 4 folks being investigated in a probe over the classing of impaired loans at Monte dei Paschi di Siena be despatched to trial, the prosecutors’ workplace mentioned in a press release on Friday.
A replica of the investigation’s file seen by Reuters confirmed these below investigation embody present Leonardo Chief Government Alessandro Profumo and the present Chairman of Banco BPM Massimo Tononi.
Each Profumo and Tononi prior to now chaired Monte dei Paschi’s board of administrators.
The prosecutors within the assertion mentioned they weren't requesting a trial for Monte dei Paschi. That is anticipated to result in costs in opposition to the Tuscan financial institution being dropped.
Prosecutors have been trying into allegations of false accounting and market manipulation in relation to the classing of loans as impaired at Monte dei Paschi as much as 2017.
Attorneys for Profumo, Tononi and the opposite two folks didn't instantly reply to a request for remark from Reuters.
Profumo in a press release mentioned he had at all times acted “in full compliance with the altering regulatory panorama and at all times in a helpful cooperation with supervisory authorities.”
A choose will determine on the request for trial at a listening to within the close to future. Usually such requests result in a trial.
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