A Milan court on Friday handed
down sentences of seven years and six months and seven years and
three months on former Monte dei Paschi di Siena (MPS) bank
chiefs Giuseppe Mussari and Antonio Vigni for irregularities
committed between 2008 and 2012 to cover losses sustained in the
acquisition of the Antonveneta bank.
Another top former MPS exec, Gian Luca Baldassarri, got four
years and eight months.
Former financial director Daniele Pirondini got five years
and three months.
The court ordered confiscations for a total amount of over
150 million euros for Deutsche Bank AG, including its London
branch, and Nomura, on trial as groups.
The two banks were also fined over three million euros.
All the defendants, whether persons or institutions, were
found guilty.
The defence attorney for Deutsche Bank, Giuseppe Iannaccone,
said he would appeal and was "convinced" that the convictuons
would be overturned.
photo: Mussari
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