Banca Etruria presented exposed Codacons in the prosecution – AGI – Agenzia Journalistic Italy

         15.12.2015 15:47

Harsh complaint by the Association to investigate fraud and verify responsibility ‘of the supervisory bodies.

‘was sent today to the prosecutor of the Arezzo exposed Codacons announced on the case of Banca Etruria. A hard act to the association, more incisive and detailed than that presented by other entities and individual investors, because on the one hand concerned with establishing the behavior of the bank’s management in light of a series of very specific crimes, the other calls directly involved supervisors.

Nell’esposto finished on the table of the Prosecutor Codacons is a brief look at the history of the bank, and then assume the case of criminal activity. We read in the act:

“the first bond issues date back to 2006 but in 2013 the sales of securities continued, despite the deterioration of the balance sheet would have to prevent the placing on the market titles potentially high-risk and However investors should have been warned of the deterioration [...]

And ‘quite clear the need to establish the link between the banking collapse and the conduct of the former directors and leaders, that the Authority in connection header must assessed with regard to the profiles of criminal misconduct possibly occurred in corporate crimes and against property. ”

In particular, the Codacons urges the prosecutor to investigate possible illegal “by former senior administration and management of the bank, and by the supervisory authorities and institutional control, Consob and the Bank of Italy, for allowing extend them to the serious and dangerous for savers and shareholders, and instead of protecting the savings and property – both constitutionally guaranteed – enabled disaster losses we know it today. In fact, the process that led the government to enact measures to reset the value of the shares and subordinated bonds, is probably the result of two concurrent causes serious: first acts of the administrative and control of the bank, on the other the lack of supervision in practice of the organs prepared. Because the Bank of Italy and Consob have not spread the news about the very serious risk of insolvency of the bank? Why did not intervene to protect savers in the years when these unconscious invested in a bank already hopelessly ill? The protection of the market and financial stability must be ensured IN PRIMIS against fraud to the detriment of saving CONSTITUTIONALLY GUARANTEED, worth the form of a vicious collusion “.

All this considered, the Codacons asked the prosecutor of Arezzo “want to make all necessary investigations in order to ascertain whether the facts presented are discernible any conduct of public bodies and / or institutions and / or individuals private preconditions for the crimes of fraud pursuant to art. 640 C.P. which he states the responsibility of “Anyone, with artifice or deception, misleading someone, secures for himself or others an unjust profit and loss”, or offenses under Articles. 2621, 2622, 2625, 2638, 2391 of the Civil Code that may be detected either with regard to the facts set out in the introduction and, if so, you want available in the case of those who will be held responsible, the prosecution for all those offenses that The SV deems discernible “.

December 15, 2015