The first instance sentence of the Unipol-Bnl trial will have to be confirmed. The deputy attorney general of Milan, Felice Isnardi, today asked for confirmation of the convictions. In particular, the public prosecution asked the judges of the second Court of Appeal of Milan to confirm the sentences of 3 years and 6 months for the former governor of Bank of Italy, Antonio Fazio, and 3 years and 10 months for the former leader of the Giovanni Consorte insurance company, at 3 years and 6 months for the entrepreneur Francesco Gaetano Caltagirone. At 3 years and 7 months for the former vice president of Unipol, Ivano Sacchetti, and for the former general manager of Unipol Carlo Cimbri. Overall, the Pg asked for confirmation of the 17 convictions (13 to natural persons and 4 to companies) pronounced by the Court in first instance on 31 October 2011. The charges against the defendants were market manipulation, insider trading and obstruction of the Supervisory Authorities.
Unipol-Bnl takeover, confirmation of sentences for Fazio, Consorte and Caltagirone requested
The Attorney General of Milan has asked for confirmation of the convictions of Fazio, Consorte and Caltagirone for the takeover of Unipol to Bnl. In addition to these, confirmation of 14 other convictions issued by the court was also requested. The charges are of manipulation, insider trading and obstruction of supervisory authorities.
FIRSTonline editorial team
FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Roma, and by an innovative and effective team of innovation and web managers.
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