The accusation against them is of having endorsed the sale of shares of the former popular of Montebelluna at an overestimated price of almost 80 percent compared to their real value
TREVISO. I’m the former CEO and general manager Vincenzo Consoli, Moses Pheasants , at the time co-general manager e commercial area manager, Renato Merlo, Head of the Central Planning – Control Department, Andrea Zanatta , director of the Capital Management sector, e Giuseppe Application , Merlo’s successor to the Central Planning Department, the five managers of Veneto Banca for whom the Treviso Public Prosecutor’s Office asks the GUP of the Treviso court for indictment for the allegations of conspiracy to commit fraud .In other words, prosecutors Massimo De Bortoli and Gabriella Cama, owners of the investigation, challenge the five defendants to be accused of having endorsed the sale of shares at an overestimated price almost 80 percent of their real value.
Four, however, the managers for whom the two prosecutors asked the judge of the preliminary investigations to be archived. It is about Stefano Bertolo, first head of the central management Administration and subsequently executive in charge of drafting of corporate accounting documents, Massimo Lembo, Head of the “Compliance” Central Department, Cataldo Piccarreta , director of the “Mercato Italia” area, e Flavio Trinca, for 17 years he was chairman of the board of directors of Veneto Banca.
Also on the criminal case for fraud hangs the sword of Damocles of the prescription . According to the defendants of the accused, in fact, the disputed crime has already been prescribed, while for the power of attorney the limitation period is calculated from the liquidation of the Bank, took place in the summer of 2017 and therefore there would be all the time (until the end of 2024) to celebrate the first trial degree, useful for savers for requesting compensation on site civil.
The core of the accusation is based on an advice, drawn up by a university professor, Professor Angelo Miglietta, full professor of economics and management at Iulm of Milan, according to which the Veneto Banca share price was knowingly inflated by the top management of the bank. Between 2012 and 2014 when they settled on a value average market of 39 euros with peaks of 40, the shares of the former Popolare di Montebelluna they were actually worth between 77 and 79 percent less. E more precisely 9.11 euros in 2012, 9.19 euros in 2013 and 8.04 euros in 2014. An unjustified overestimation average of securities of 31 euros.