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The Milan prosecutor’s office closed the preliminary investigation to be paid by former executives of the Monte Paschi accused of accounting fraud and market manipulation in connection with the 2009 budget of the institute, which was approved in 2010. According to the indictment, were hidden losses of more than 300 million Euros through the operation on the derivative Alexandria with the Japanese Nomura. Now awaits the request for trial, against former President of Mps Giuseppe Mussari, former Director General Antonio Vigni, former head of finance of Mps Gianluca Baldassarri, former CEO of the bank d ‘ Nomura International Affairs Sadeq Sayeed and Raffaele Ricci, head of sales for Europe and the Middle East at Nomura. Are investigated, according to the law 231 on the liability of companies for crimes committed by their employees, even Mps and Nomura, which unlike the individuals were not involved in the investigation of the prosecutor of Siena then moved to Milan for territorial jurisdiction.
The investigation that was coordinated by the Milan prosecutor Francesco Giordano pm Greek and Baggio, Stephen Civardi and Mauro Clerici, carried out by the Special Unit Currency Police Guard finance, involved the operation of structured finance on the derivative Alexandria, owned by Monte Paschi, through a contract with Nomura found in a bank safe Siena. Through this transaction, debt restructuring, according to the prosecutor, the former management of MPS have hidden “losses of more than 300 million euro ‘in 2009, with a system that would allow Mussari to close in profit and” beautify “the budget . A mechanism, according to the indictment, similar to the operation carried out on the derivative Santorini by MPS with Deutsche Bank, at the center of another investigation by the Prosecutor of Milan.
The files on the two operations, Alexandria and Santorini, had been transferred in September from Siena to Milan prosecutors. Prosecutors have decided to separate the two strands of inquiry, closing for now only that which concerns the operation with Nomura. Remain open in Milan, then, investigations have focused on the operation cche with Deutsche Bank and the acquisition of Antonveneta, acquired by Banco Santander for 6.6 billion and then by Banca MPS, three months later, more than 9, 3 billion. The developments of these investigations are expected in the coming weeks. Investigators are also looking into fact the budgets of the years after 2009, to see if there are other offenses. Last October, among other things, Mussari, Vigni Baldassarri and were sentenced by the Court of Siena to three and a half years in prison for obstruction in the competition to perform the duties of the supervisory authorities in relation to its contract with the bank Japanese Nomura.
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