Mussari is being investigated in Siena for false prospectus and market manipulation while Vigni and Morelli have hidden indemnity letters from Bank of Italy.
This is what emerges from the invitation to appear in the Siena prosecutor's office sent to Antonio Vigni, former general manager of MPS. In particular, the document discloses that Vigni and Morelli, the latter former financial director, failed to communicate to the Bank of Italy that they had issued an indemnity side letter to the Bank of New York on the occasion of the Fresh subscribers' meeting in 2009 Furthermore, Morelli signed an indemnity in favor of Jp Morgan on April 15, 2008 and that this too has been hidden from Bank of Italy.
Vigni arrived at the prosecutor's office this morning accompanied by his two lawyers, while Morelli, currently number one at Merrill Lynch Italy, replied that he had no idea if a date had already been set for the questioning with the Siena prosecutor's office.
The former president of MPS, Giuseppe Mussari, is being investigated together with Vigni, with the former financial director Daniele Pirondini and Raffaele Rizzi (as head of the legal area) for false statements in relation to the capital increases of 2008 and of 2011 (in this second case not Pirondini), for having given false information and concealed information in the information prospectus for the placement of MPS ordinary shares "for the purpose of obtaining, for oneself or for others, in particular the same bank, an unfair profit".
For the magistrates, "Fresh 2008 was not fully described and the total return swap contracts signed by the Mps Foundation were not described".
Mussari is also being investigated together with Vigni and Pirondini for market manipulation because in the context of the Antonveneta acquisition "they participated and contributed to the preparation of the complex Fresh 2008 financial transaction, spreading false news to the market, capable of causing a significant alteration of the price of MPS shares".
