A Milan judge on Friday instructed
prosecutors to indict Alessandro Profumo and Fabrizio Viola,
respectively former president and ex-CEO of troubled Tuscan
lender Monte dei Paschi di Siena (MPS), for suspected financial
irregularities. Prosecutors had asked to shelve the case against
the pair. MPS 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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