• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Former UBI top executives acquitted in governance trial – sources

October 8, 2021 by David Barret Leave a Comment

October 8, 2021

MILAN (Reuters) – An Italian court on Friday acquitted the former top executives of UBI Banca in a trial over alleged governance irregularities at the regional bank now part of the Intesa Sanpaolo group, two legal sources said.

Former UBI CEO Victor Massiah and Intesa Sanpaolo’s Honorary Chairman Giovanni Bazoli were both acquitted together with another 27 people under trial due to accusations they obstructed regulators.

At a hearing in May in the northern Italian town of Bergamo where UBI was based, prosecutors had sought a five-year prison sentence for Massiah, while requesting six years and eight months in jail for Bazoli.

Only one former UBI executive was convicted, the sources said.

Intesa Sanpaolo, which last year took over UBI to become Italy’s largest bank, was also acquitted. Under Italian law, companies are liable for crimes committed by their employees.

Prosecutors had alleged two groups of investors tied by shareholder agreements had unduly influenced the outcome of the 2013 general meeting by improperly collecting proxy votes.

The defendants and UBI itself have always rejected the accusations and said they had acted correctly.

(Reporting by Emilio Parodi, writing by Valentina Za; Editing by David Gregorio)

Source Link Former UBI top executives acquitted in governance trial – sources

David Barret
David Barret

Related posts:

  1. IMF says crucial Chad gets debt treatment deal with private creditors
  2. Asian shares at 1-month low, default fears stalk China Evergrande
  3. Allianz speeds up succession planning in light of Structured Alpha lawsuits
  4. World Bank cuts Thai GDP growth outlook to 1% this year

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Moa De-Extinction, Fashionable Chimps, And Robot Surgery – No Human Required
  • “Human”: Powerful New Images Mark The Most Scientifically Accurate “Hyper-Real 3D Models Of Human Species Ever”
  • Did We Accidentally Leave Life On The Moon In 2019 – And Could We Revive It?
  • 1.8 Million Years Ago, Two Extinct Humans Had One Of The Gnarliest Deaths In History
  • “Powerful Image” Of One Of The World’s Rarest Tigers Exposes The Real Danger In Taman Negara
  • Evolution, Domestication, And A Lot Of Very Good Boys: How Wolves Became Dogs
  • Why Do Orcas Have White Spots Near Their Eyes?
  • Tomb Of First King Of Ancient Maya City Discovered In Belize
  • The Real Reason The Tip Of Your Tape Measure Wiggles Like That
  • The “Haunting” Last Message From NASA’s Opportunity Rover, Sent From Inside A Planet-Wide Storm
  • Adorable Video Proves Not All Gorillas Hate The Rain. It Might Even Win One A Mate
  • 5,000-Year-Old Rock Art May Show One Of Ancient Egypt’s First Rulers
  • Alzheimer’s-Linked Protein Levels “20 Times Higher” In Newborn Babies – What Does This Mean?
  • Americans Were Asked If They Thought Civil War Was Coming. The Results Were Unexpected
  • Voyager 1 & 2 Could Be Detected From Almost A Light-Year Away With Our Current Technology
  • Dams Have Nudged Earth’s Poles By Over 1 Meter In The Past 200 Years
  • This Sugar Could Be A Cure For Male Pattern Baldness – And It’s Been In Our Bodies All Along
  • “Cosmic Immigrants”: Daytime Star Seen In 1604 May Be An “Alien Type Ia Supernova”
  • Ancient Meteor Crater Thought To Be World’s Oldest May Be 800 Million Years Younger Than We Realized
  • Celestial Fish And Chips And A Solar Cataclysm Shortlisted For Astronomy Photographer Of The Year
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version