The Arezzo court ruled: Banca Etruria is insolvent – The Republic

Rome – “Banca Etruria is insolvent”. In a judgment of 15 pages, the college of judges of Arezzo Bankruptcy Court decreed the Arezzo institution failure. It has also rejected the request to raise the issue of the constitutionality of the decree Save Banks of November 22 last year, presented by the lawyers Lorenzo Rosi, the last president of the board of directors of Etruria. The ruling opens a new judicial scenario that threatens to overwhelm all the members of the board that have taken place from 2013 to 2015, including Pier Luigi Boschi, the father of the Reform Minister Maria Elena, who from May 2014 to February 2015, He was vice president without powers. The declaration of insolvency, in fact, is the assumption that the prosecutor of Arezzo Roberto Rossi was waiting to evaluate the opening of a maxi investigation for fraudulent bankruptcy.

At this point all the expenses approved by the board of directors of Etruria (consultancies 17 million euro, liquidation former general manager bronchi from 1.1 million euro, the aziendiali awards, exposures incurred to entrepreneurs “friends”) could become embezzlement against directors.

key Step of the judgment. This is what we read in the court decision. “In any case, the question of constitutionality, as well as manifestly inadmissible the question of relevance, appalesa well as completely unfounded. As the Court of Cassation, the status of a bank’s insolvency results in the lack of liquidity and credit necessary for the performance of specific business activities. the peculiarity of banking does however mean that assume particular importance circumstantial, the degree of irreversibility of the crisis, the negative equity that is characterized as a matter central to both the failures that all ‘ possible illiquidity. Therefore, just starting from the balance sheet of the Bank, is it necessary to show that, by interim management statements at 09.30.2015 by the Special Commissioners, the emergence of a significant reduction of the net assets passing, in the space of nine months, from € 65.976 million (resulting from the financial year 2014) to € 22,538,000, resulting in a loss of 65.8%. In this regard, the Bank of Italy, in the opinion issued pursuant to art. 82, paragraph 2, points out that these assets were totally insufficient to ensure compliance with prudential requirements required for the continuation of the

But the defense of Etruria recourse on appeal. attorneys Michael Desario and Antonino Giunta, representing the last president of the bank Etruria, Lorenzo Rosi, have announced the appeal appeal of the decision of the Arezzo court said the state of the credit institution’s insolvency and rejected the exception of constitutionality for the decree saving banks.

Survey the CSM . it meanwhile complicates the situation of Roberto Rossi prosecutor to the CSM. the First Committee, which is treating his case to check a potential incompatibility because of his “silences” of Pierluigi Woods, it decided to request further discussion with the general prosecutor of Florence on the 10 processes that the prosecutor in Arezzo treated right by the vice president of the Bank Etruria.

the original idea of ​​considering Rossi in good faith by the First Commission is giving way, including several councilors, the hypothesis that in fact Rossi has not told the whole truth to the CSM. The decision, however, at this point, will have to wait for the arrival of additional cards from Florence, which in turn will have to ask the same Rossi.

Topics:

bank etruria

save banks

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