Prosecution allege fraud at Ubi Banca 2013 meeting - update2

Documents show investigators concerned with proxy votes

(ANSA) - Milan, February 13 - Prosecutors in Bergamo alleged fraudulent acts may have been committed in collecting proxy votes ahead of a 2013 shareholders meeting called by Ubi Banca, according to a search order issued to tax police earlier in the week.
    Searches were conducted Wednesday at Ubi Banca offices and investigators alleged senior bank officers were involved in obstruction of regulators.
    Those being investigated include Franco Polotti, management board chairman, Andrea Moltrasio, head of the supervisory board, and CEO Victor Massiah.
    Sources said they were also looking at Paolo Giovanni Bazoli, a senior member of the bank's supervisory board, and other officers.


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