• Email Us: [email protected]
  • Contact Us: +1 718 618 4351
  • 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Your email address will not be published.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

  • “Colossal Claude” From Oregon Folklore Accused Of Causing Underwater Eruption
  • Building Blocks Of RNA And Vitamin B3 Found On Asteroid Ryugu
  • Ancient 60,000-Year-Old Eagle With 3-Meter Wingspan Could Probably Have Given Frodo A Lift
  • AI Has Finally Worked Out How To Draw Hands (Sort Of)
  • Ancient Roman Women Were Banned From Joining The Army. They Fought Anyway
  • Bog Bodies Were Overwhelmingly Killed By Violence, Analysis Of 1,000 Bodies Finds
  • Martian Cities Could One Day Be Built From Potatoes And Dust
  • There’s A Weird Reason Why Hurricanes Never Cross The Equator
  • Deadly Fungal Contagion Dubbed “Urgent Threat” By CDC Is Becoming More Infectious
  • The Eye-Popping Truth Behind The Legend That Your Eyes Can Pop Out When You Sneeze
  • Spirals, Tails, And Reflective Dust Were Released In The DART Asteroid Collision
  • Diabetic Neuropathy Market Is Poised To Value Over USD 10.2 Bn By 2032 | CAGR 8.2%
  • Animation Shows The Most Powerful Cosmic Events If They Were Visible To Our Eyes
  • Cardiovascular Device Market Size is Expected to Reach Over USD 104.7 Bn by 2032 | CAGR 6.4%
  • Vesuvius Challenge – Decipher These 2,000-Year-Old Scrolls And Win $1 Million
  • Researchers Have Found Where The Energy Goes In Quantum Turbulence
  • Emergency Alert Test To Ping Every Phone In The UK, Temporarily Blocking Apps
  • New IPCC Climate Report: “We Are Up The Proverbial Creek, But We Do Have A Paddle”
  • It’s The Spring Equinox, But Does That Really Mean Equal Day And Night?
  • The Devil’s Kettle: For Decades, Nobody Knew Where This Underground River Led
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 618 4351
  • +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 © 2023 · Medical Market Report. All Rights Reserved.

Go to mobile version