Mps, Mussari had been sentenced to 7 years and 6 months
The Court of Appeal of Milan acquitted the former president of Bank Mps Joseph Mussari. In the first instance, on November 8, 2019, Mussari he had been sentenced to 7 years and 6 months and on appeal the Milan public prosecutor had asked to confirm the sentence with a reduction of the sentence to 6 years and 4 months due to the prescription of some episodes.
The trial which today reached the second degree sentence, of acquittal for all the defendants, relates to a series of financial transactions made by the Sienese bank to cover, according to the accusation, the losses caused by the purchase of Antonveneta. The alleged offenses against all the defendants in the trial are, for various reasons, market manipulation, false accounting, false prospectus and obstacle to the supervisory authority.
In particular, derivatives are at the center of the procedure Santorini and Alexandria, signed by Mps with Deutsche Bank and Nomura and which, according to the accusatory hypothesis, served to hide the real financial situation of the Sienese bank and in particular the losses caused by the purchase of Antonveneta.
The Court of Appeal of Milan acquitted two companies of the group Deutsche Bank and Nomura in the trial of the former leaders of MPS, which saw credit institutions accused for the law 231/2001 on the administrative liability of entities.
The Court acquitted all the then employees of the two banks accused in the trial and therefore acquitted the banks for the non-existence of the predicate offenses. In addition, the confiscations of 64 million euros were lifted a Deutsche Bank Ag And Deutsche Bank London Branch and that of 88 million euros a Nomura.
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