You start the final judgment of the so-called strand Ciappazzi Parmalat crash, trial against big names of Italian finance charges of having put pressure on Calisto Tanzi to buy company mineral water group Ciarrapico, aggravating the state of collapse of the giant milk. The deputy prosecutor general of the Supreme Court, Peter Gaeta, asked to confirm the convictions against the former president of Banca Di Roma Capitalia, Cesare Geronzi (5 years imprisonment) and the then DG of Capitalia, Matteo Arpe ( 3 years and 7 months). Asked confirmation also of additional penalties, which provide for the disqualification from public office for the same length of the principal penalty. Same request for six other defendants, former managers and executives of the banking group. The Court of Appeal in Bologna in June 2013 confirmed the decision at first instance, issued by a court in Parma November 29, 2011. Geronzi must respond to fraudulent bankruptcy and usury against Tanzi, Arpe only fraudulent bankruptcy. Upon confirmation of the convictions would trip the amnesty of three years, but does not apply to accessory penalties that would be performed. Geronzi for it would be the first verdict passing final. If convicted for the two leaders did not profilerebbe prison: considered a pardon, could access alternative sentences as reliance on social services. According to the indictment, the Parmalat Calisto Tanzi would have bought in 2002 “at inflated price” (35 billion lire) the holding of mineral waters Sicilian Ciappazzi, since 1996 owned by Ciarrapico: this purchase according to the indictment would come under pressure from the Bank of Rome. As pointed out by pg Gaeta in a passage of the indictment, the former president of the Bank of Rome-Capitalia, Cesare Geronzi and the former owner of Parmalat Calisto Tanzi “rubbed each other. It was a situation in which everyone pressava l ‘more than most could: Banca di Roma needed that Parmalat bought waters Ciarrapico for extraordinarily strong impact with which the debt accumulated by Ciarrapico weighed on the bank that he needed to lighten up this position after reminders of supervision of the Bank of ‘Italy’. It was not a real extortion, accuses fall, but “not even a choice exercised in total freedom.” Gaeta also highlighted as Matteo Arpe “has received a constant flow of information on the issue of financing the Parmalat” as demonstrated by the exchange of mails, notes and testimonials. “The defensive line of Arpe was that he was out of Rome, to Eurodisney, and would sign a loan without knowing it – said the Pg – but this way you would have us believe that Arpe was duped by his’ loyalists that would put under the nose of a sheet to be signed with a loan of 50 million euro, for Parmalat, saying ‘signature, signature’. And the hapless signed. “
company was bought by Parmalat which received 50 million financing with which write off the default of travel company Parmatour, run by the daughter of Calisto Tanzi “Parmalat wanted to prevent the travel company fails because this default would produce a domino effect on the parent company,” explained on pg. The final ruling is expected by next Friday, after the pleadings of legal defenders.
- Arguments:
- parmalat
- Ciappazzi
- Parmalat crash
- Starring:
- Cesare Geronzi
- matthew harps
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