Mps, investigated Profumo and Viola – Il Sole 24 Ore

The prosecutor of Siena has opened an investigation for false corporate reporting and registering of market manipulation under investigation is the former president of the Monte dei Paschi Alessandro Profumo is its current managing director Fabrizio Viola. The news came in late yesterday afternoon in advance by Reuters. Same time it was learned that the file, open since 2015, was sent before last July by the Siena attorney to that of Milan, to local jurisdiction. The prevalent crime, in fact, that the manipulation would be completed where it has its headquarters Italian Stock Exchange: where to focus its telematic tools for transmitting information. At the center of the new dossier is an old story: that of the two Alexandria and Santorini derivatives in the financial statements from 2011 to 2014 would have been budgeted incorrectly: not for what they were, namely credit default swaps instruments, but BTP. On the basis of the final financial statements under the lens of Mps magistrates launched two capital increases from 5 billion in 2014 and $ 3 billion in 2015.

That ‘postscript’ interpretations

A continuation, therefore, a false accounting treatment began in 2008, since the time of the management of Monte Giuseppe Mussari and Antonio Vigni, who along with 11 other directors and managers of the Mount, have already received a request for trial by the Milan prosecutors for the same offenses and sentenced at first instance, in Siena, obstacle for the supervision. What it might conceivably therefore is a second section of an investigation already well established under the investigation and document profile. For its part, the bank announced in a statement that “the indication of Violet Perfume and such subjects investigated, stems from a complaint made by a shareholder of the bank, however, during the meeting, he had proposed the action for damages against of the above entities, action then rejected by less unanimous votes. – It continues the statement – In response to the receipt of a complaint to the judiciary was held at the opening of a dossier. In addition, the same facts the prosecutor at the Milan court has already had occasion to emphasize the proactivity of the new management of the Bank in helping to shed light on the responsibility of those who have actually given birth to such supplies’. A duty, therefore, that could also be solved by filing a claim.

But who are the biggest opponents of the new management of Salimbeni Rocca who, with their exposed have given rise to the new investigation? One is Joseph Bivona, engineer, former banker of the London City and currently head of Bluebell partners, the other is a Sienese lawyer Paolo Emilio Falaschi. Bivona was found to act wearing two different jackets: one side has partnered with the Codacons, the coordination of consumer protection committees, and on the other acted as head of an international private equity fund the Bluebell. Neither Bivona and his creature Bluebell are new to this kind of initiative. These are the same persons who have applied for and received, alongside the fund Amber Capital, the review by the Consob of price parameters for the takeover bid launched by the Japanese giant Hitachi on Ansaldo Sts held by Finmeccanica. An initiative that also in this case, led to the opening of an investigation of the Milan prosecutors assigned to prosecutor Adriano Squires.

For its part, Falaschi, is drafter of numerous complaints about the current management of the Monte dei Paschi, the last of which, very recent, was addressed to the single supervisory mechanism of the European Central Bank (the supervisory body European) are dated 27 July. And apparently the Sole24ore seems that an answer has already arrived on August 10 last year, from Frankfurt in which all’estensore requires additional documentation in support of his thesis.

A hot August particolamente as you see, to former and current directors of the Mount. Last week always from Siena, had received the news of notification of the closure of investigations for transnational conspiracy on the so-called “5% band.” A patrol of the Mount manager, led dal’ex head of the finance bank Gian Luca Baldassarri that would distract million euro from the assets of the bank in operations predetermined outcome.

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