Milan prosecutors on Monday
requested the indictment of former Monte dei Paschi di Siena
bank (MPS) president Alessandro Profumo and ex-CEO Fabrizio
Viola, as well as the former chair of the council of auditors,
Paolo Salvadori, on charges of false accounting and
share-rigging. A Milan judge last month instructed
prosecutors to indict Profumo and Viola after prosecutors had
asked to shelve the case against the pair.
Profumo and Viola said they were innocent of the charges.
"I am sure my actions were correct," said Profumo.
MPS, Italy's third-biggest and the world's oldest lender, has
endured a string of probes and financial woes that
have forced the government to launch a precautionary
recapitalisation to offset bad loans that helped place it last
in a European Central Bank stress test last summer.
photo: Profumo
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