Scam of a billion on credits from health agencies, broker Torzi investigated: he had been involved in the Vatican scandal. Banca Generali among the victims

Bad debts owed to local healthcare companies in southern Italy that were “packaged” and securitized to be resold as financial products to institutional investors, including Banca Generali and other banking institutions. Under the lens of the Public Prosecutor’s Office and the economic and financial police unit of the Guardia di Finanza of Milan, transactions for bonds with a nominal (total) value of 1 billion euro have been completed: five suspects, including the international broker Gianluigi Torzialready