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Fourteen indicted in Antonio Amato pasta bankruptcy

Former bank president and a former MP probed

01 April, 16:20
Fourteen indicted in Antonio Amato pasta bankruptcy (ANSA) - Salerno, April 1 - Prosecutors in the southern city of Salerno on Tuesday indicted the former president of Monte dei Paschi di Siena bank, Giuseppe Mussari; ex-Siena mayor Franco Ceccuzzi; the former chairman of the Lower House finance committee Paolo Del Mese; and 11 board members of Banca della Campania bank in connection with the bankruptcy of Antonio Amato pasta makers.

They must answer charges of colluding in bankruptcy fraud in the February 2010 default of the family-owned pasta-maker. Founded in 1958, it employed 140 people at the time it went under.

The company has since been auctioned off to Di Martino pasta makers for an estimated 13 million euros, saving employee jobs.

Preliminary hearings begin May 15, court sources said.