One person was acquitted and 23
acquitted in a trial into the bankruptcy of medium-sized Tuscan
lender Banca Etruria on Friday.
The bank lender went to the wall in 2015, leaving many small
investors with worthless bonds, including one who killed
himself.
The person convicted was financier Alberto Rigotti, a former
member of the bank's board.
He got six years in jail.
Among those acquitted was the former chairman of the bank's last
board, Lorenzo Rosi.
Prosecutors had requested jail terms ranging from one year to
six and a half years for he 24 defendants.
In February 2020 a Florence appeals court found the bank's ex
president and former general manager guilty
of obstructing regulators.
Former president Giuseppe Fornasari and former GM Luca
Bronchi were given suspended prison sentences of one year, one
month.
Another former executive, Davide Canestri, was acquitted.
All three were found not guilty at the first-instance trial.
Fornasari and Bronchi were also ordered to pay damages of
327,000 euros to the Bank of Italy.
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