(ANSA) - Milan, July 6 - The former president and former CEO
of troubled Tuscan bank Monte dei Paschi di Siena (MPS),
Alessandro Profumo and Fabrizio Viola, were cleared Friday of
obstructing the banking oversight bodies of the Bank of Italy
and bourse regulator CONSOB in a derivatives case.
A Milan judge said the charges against the pair were
"groundless".
MPS, Italy's third-biggest and the world's oldest bank, is
going through a precautionary recapitalisation after a crisis
stemming from its high load of non-performing loans.
photo: Profumo (R) and Viola
Viola, Profumo cleared of obstruction
Groundless charges says Milan judge