a formal request to the court for the seizure of the amount granted as compensation to the former general manager Luca Bronchi. And so obtain certification that that agreement for the disbursement of a million two hundred thousand Euros between the board and the manager was illegitimate.
The three strands
the prosecutor of Arezzo moving forward very fast investigation on Banca Etruria’s bankruptcy, which did end up in the docket of the fifteen members of the board in office before the commissioner decided in February 2015, led by President Lorenzo Rosi and his deputy Alfredo Berni and Pierluigi Woods, father of reforms Minister Maria Elena. And examines the allegations contained in the court declared insolvent and in the report of the Bank of Italy inspectors, focusing on three areas: the payments for the other ‘golden salaries “; the lavished advice to rain, often unnecessarily; Loans granted to companies that were in conflict of interest with the same administrators. The belief is that these operations have been approved although it was apparent that would bring the institute to failure given the already dire financial situation.
An application to the investigating judge
with the request to the investigating judge prosecutors led by Roberto Rossi prosecutor will try to freeze the assets of the bronchi and the competition in the prosecution of its bankruptcy crimes with members of the board. A similar accusation could take at this point for the marketing manager Fabio Piccinini who had received a severance payment of 125,000 euro. But not only. There are in fact two other complaints of inspectors. The first concerns “the participation in legal and court costs of the former president of the board Giuseppe Fornasari decided by administrators without providing any repetition of such expenses if unsuccessful.” But even more serious is considered as established for “the definition and remuneration of the new Managing Director Daniele Cabiati”. Indeed Bankitalia complaint: “Not corporate policies are followed. In particular it was noted that the letter sent on August 8, 2014 to Dr. Cabiati, signed by the then president Lorenzo Rosi, introduces the possibility to award a variable remuneration of 300 000 euro in contrast to what is stated in the document on “remuneration policies “approved by the shareholders on May 4, 2014. it adds that the corporate objectives to which that remuneration is subject should have been indicated in a subsequent communication that instead was not found on record.”
The “trust” to friends
An investigation strand, where Rosi are investigated and the director Luciano Nataloni for not declaring the conflict of interests, contests the granting of loans to companies that were associated with these same two directors and on this are already under way for some time checks from the Guardia di Finanza. Now they will be carried out fresh investigations on the role of other members of the board who instead expressly stated that the conflict but have also obtained the “trust” to verify the correctness of the procedures and especially the existence of guarantees. It is, as denounced by the Bank of Italy inspectors, “198 positions for a total amount granted to 30 September 2014, approximately 185 million Euros.” The report highlights that “have not been observed by various prescriptions corporate officers regarding conflicts of interest” by specifying how “the proposal to define a perimeter of the potential interests of members had been rejected by the board because – as reported in a report of Compliance – was in danger of “plaster” the organ business strategic oversight “which was part of the same woods.
March 20, 2016 (edited March 20, 2016 | 23:06)
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