Prosecutors in the southern city
of Trani on Friday requested a court convict Standard & Poor's
and five of the agency's managers and analysts for alleged
market manipulation linked to Italy's sovereign rating during
the eurozone debt crisis.
They requested three-year prison terms and 300,000-euro fines
for Europe Manager Yann Le Pallec and sovereign debt analysts
Eileen Zhang, Franklin Crawford Gill and Moritz Kraemer.
They requested two years in jail and a 300,000-euro fine for
Deven Sharma, S&P president at the time of the events in
question.
They asked the court to fine Standard & Poor's 4.647 million
euros.
The defendants are accused of "intentionally" providing
distorted information to the financial markets in four reports
between May 2011 and January 2012.
ALL RIGHTS RESERVED © Copyright ANSA
