Vincenzo Consoli, former CEO of Veneto Banca
Veneto Banca, the former Chief Executive Officer Consoli sentenced to four years
Vincenzo Consoli, former CEO of Veneto Bancawas sentenced to four years of imprisonment by the Treviso court. Consuls was accused by the Public Prosecutor’s Office of obstructing supervision and forgery of the prospectus, in addition to the crime of manipulation, prescribed in the meantime, in relation to crash of the Montebelluna institute, liquidated and passed to Intesa Sanpaolo in June 2017.
I pm Massimo De Bortoli And Gabriella Cama on January 20, they had asked for a six-year prison sentence, considering the aggravating circumstances prevailing over the extenuating circumstances due to the lack of collaboration in ascertaining the truth. The defense, represented by Ermenegildo Costabilehad asked for the acquittal for all the charges due to the non-existence of the charges and, in the alternative, because they do not constitute a crime.
Consoli, in reading his lawyer, would have been subjected to a “particularly aggressive” treatment by the inspectors of the Bank of Italy, for opposing the merger plan of Veneto Banca with Banca Popolare di Vicenza. For Consoli the confiscation of personal assets up to € 321 million. It will also have to settle a provisional payment for the civil parties from the Bank of Italy for 150 thousand euros, Consob for 70 thousand euros, and of the other non-institutional parts for a value equal to 5% of the purchase price of the shares and bonds up to a maximum of 20 thousand euros.
For Ermenegildo Costabiledefender of the former CEO of Veneto Banca, Vincenzo Consoli, sentenced today by the Treviso court to 4 years of imprisonment, “such a low penalty has a particular meaning and could be a compromise solution but it does not satisfy us”, he said today at the end of the last of the 33 hearings of the trial in the confrontations with the top manager of the former popular institute. “On appeal – he concluded – we will have some more satisfaction”.
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