The share of Banca Etruria sinks in Piazza Affari, leaving more than five percentage points in the field in mid-afternoon, at 0,826 euros. The wave of sales is linked to the judicial events involving the institute's top management.
Last Friday, the soldiers of the tax police units of Arezzo and Florence showed up at the headquarters of Banca Etruria while the institute's board of directors was in session, exhibiting a search order at the request of the Acting Attorney of Arezzo, Roberto Reds.
The inspection took place in the offices of three suspects: the president Giuseppe Fornasari, the general manager Luca Bronchi and David Canestri, central manager with responsibility for planning and risk and compliance. The offices of three other executives were also searched, who to date have not received any notices of guarantee.
The crimes are different: false accounting, false corporate communications to the detriment of shareholders or creditors and obstacle to the exercise of the functions of the public supervisory authorities. The charge of false accounting would concern a transfer of properties carried out two years ago by the Bank for the benefit of the Palazzo della Fonte consortium. The operations of the military would have started after two inspections by the supervision of the Bank of Italy dating back to 2012 and 2013. The results of the checks would have been transmitted to the judicial authority, which then decided to proceed.
For its part, Banca Etruria expresses “serenity about your correct work - reads a note from the institute - and maximum confidence in the work of the judiciary ", guaranteeing maximum collaboration with the authorities " so that no doubts can remain on the behaviors adopted to safeguard the expectations of customers, of the tens of thousands of members, of the shareholders , of the territory and its employees”.
Meanwhile, the time for the bank is approaching choice of strategic partner requested by the Bank of Italy. Two contenders are in contention: Popolare di Vicenza and Popolare dell'Emilia Romagna. The decisive board of directors – also called for the approval of the 2013 accounts – will be held next Sunday. The choice will then be submitted to the scrutiny of the assembly on May 4th.
