MILAN, Dec 16 (Reuters) – Prosecutors in Milan have requested that 4 individuals being investigated in a probe over the classing of impaired loans at Monte dei Paschi di Siena (BMPS.MI) be despatched to trial, the prosecutors’ workplace stated in an announcement on Friday.
A replica of the investigation’s file seen by Reuters confirmed these underneath investigation embrace present Leonardo Chief Government Alessandro Profumo and the present Chairman of Banco BPM Massimo Tononi.
Each Profumo and Tononi prior to now chaired Monte dei Paschi’s board of administrators.
The prosecutors within the assertion stated they weren’t requesting a trial for Monte dei Paschi. That is anticipated to result in fees in opposition to the Tuscan financial institution being dropped.
Prosecutors have been wanting into allegations of false accounting and market manipulation in relation to the classing of loans as impaired at Monte dei Paschi as much as 2017.
Legal professionals for Profumo, Tononi and the opposite two individuals didn’t instantly reply to a request for remark from Reuters.
Profumo in an announcement stated he had at all times acted “in full compliance with the altering regulatory panorama and at all times in a helpful cooperation with supervisory authorities.”
A choose will determine on the request for trial at a listening to within the close to future. Usually such requests result in a trial.
reporting by Emilio Parodi, writing by Valentina Za, enhancing by Gavin Jones
: .