Alessandro Profumo and Fabrizio Viola were sentenced to six years of imprisonment in Milan and ended up on trial as former president and former CEO of MPS in a line of investigation into the Sienese bank.
In addition to the six years and the fine of 2.5 million each, Profumo and Viola were also sentenced to the additional ritual penalties, including 5 years of interdiction from public offices and two years of interdiction from corporate management offices.
For the current president of Banca Leonardo, on trial however as former president of Mps, for Viola, now senior advisor in the Boston Consulting Group and then CEO of the credit institution, for Salvandori and for the bank itself, the Public Prosecutor had asked the investigating judge for the filing, then rejected, and, last June, during the trial, he renewed the acquittal proposal.
The accusations were of false accounting and stock manipulation in relation to the Alexandria and Santorini derivatives and their accounting at open balances in the financial statements of Mps for the years 2013 and 2014 and the first half of 2015. The prosecutor Stefano Civardi, during his indictment, before reiterating the request for acquittal, he explained that this accounting, although "incorrect", "certainly was not aimed at deceiving shareholders and markets".
The defense has always maintained that "no misleading information has ever been given to the market".
