Home » Derivatives Mps, Pg Milano asks for the sentence of the former president Mussari to 6 years 4 months and of the former dg Vigni to 6 years

Derivatives Mps, Pg Milano asks for the sentence of the former president Mussari to 6 years 4 months and of the former dg Vigni to 6 years

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The defendants in Milan in the second degree trial for the alleged irregularities of four structured finance transactions, Alexandria, Santorini, Chianti Classico and Fresh, carried out by Mps between 2008 and 2012 to cover the losses deriving from the acquisition of Antonveneta.

This morning was asked by the deputy prosecutor of Gemma Gualdi, to the judges of the second Court of Appeal, chaired by Angela Scalise, underlining that the request for lower sentences imposed by the Court – goes from over a year to a few months of “discount “- is due to the prescription already intervened or close to a series of crimes charged to 13 people and 3 companies, namely Deutsche Bank AG, its London branch and Nomura. The deputy prosecutor, after underlining that no one had “adhered to my invitation to an agreement on appeal”, that is a plea bargain, which would have allowed for a “more favorable” sentence, reiterated the “criminal responsibility of the accused” by inviting the board to “take into account the intensity of the willful misconduct and the seriousness of the damage caused” and the high number of offended parties, some of which with institutional roles, such as Bank of Italy and Consob.

For the former leaders of Monte Paschi di Siena, Giuseppe Mussari and Antonio Vigni, respectively, 6 years and 4 months and 6 years in prison were requested, 4 years and 6 months for Daniele Pirondini, 4 years for Gian Luca Baldassarri and 3 years for Marco Di Santo. And, then, 4 years and 3 months for Ivor Scott Dunbar, Michele Foresti and Michele Faissola, former managers of Deutsche Bank, and 3 years for Matteo Angelo Vaghi and Dario Schiraldi, also former Db. The same penalty for Marco Veroni, an employee of Deutsche Bank Ag London Branch at the time, plus 4 years for Sadeq Sayeed and one less for Raffaele Ricci, both formerly of the Japanese bank.

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For the general power of attorney, a series of episodes of false corporate communications, false prospectus and obstacles to the activities of the supervisory bodies are prescribed or close to prescription, while the crimes relating to market manipulation remain in place. For this reason, the pg also asked to slightly reduce the pecuniary sanctions decided in the first instance against the institutions (they were 3 million euros for the German institute and 3 million and 450 thousand for the Japanese one) as they have already compensated 245 million of Euro. Instead, confirmation was requested of the confiscation ordered by the Court with the sentence of November 2019 for a total of approximately 150 million.

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