(ANSA) Rome, April 10 - Sentences were largely upheld
against main defendants in the appeal trial for the bankruptcy
of food group Cirio Friday with former Banca di Roma supremo
Cesare Geronzi's 4 year prison term confirmed and former Cirio
and Lazio soccer club owner Sergio Cragnotti's sentence trimmed
by just 4 months to 8 years and 8 months in prison.
The Rome appeal court judges cut the sentence against
Cragnotti's son Andrea to a term of 2 years and 4 months while
his siblings Elisabetta and Massimo were absolved because of the
statute of limitations.
Cragnotti's son in law Filippo Fucile had his sentence
reduced to 3 years and 10 months (from 4 years and 6 months)
while Ettore Quadrani had his term trimmed by two months to 3
years and 4 months.
The court also confirmed the acquittal of Giampiero
Fiorani, former managing director of the Banca Popolare di Lodi
and of Cragnotti's wife Flora Pizzichemi.
In Italy prison terms do not usually take effect until the
appeals process is exhausted, with two appeals granted in each
case.
Unicredit, one of Italy's largest banks, later took over
Banca di Roma and was fined 200 million euros for Banca di
Roma's role in the Cirio bankruptcy.
Founded in the mid-19th century, Cirio was Italy's oldest
food canner.
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