The Guardia di Finanza seizes over 59 million euro to five people in the Veneto Banca case. The proceeding is in the preliminary hearing stage and has already seen the application of the precautionary measure of house arrest against theformer CEO of the institute, Vincenzo Consoli. To him and his wife have been assets seized for several million euros.
The provision on Veneto Banca refers to two of the charges of impeding the supervisory activity challenged by the Public Prosecutor's Office in the request for indictment. In the first case, the accusation of obstruction is disputed with reference to the realization of a four-person portage operation which, in agreement with Consoli, had acquired bond packages worth 7,5 million euro each (bonds forming part of a bond loan issued by Veneto Banca itself), against which the institution had assumed the commitment to a repurchase from there shortly.
The second hypothesis refers to a so-called "kissed" operation, conceived and implemented by a manager of the Institute with the agreement of Consoli himself, by virtue of which three unrelated parties, not affected by the provision, had undertaken to acquire substantial blocks of Veneto Banca shares, receiving from the Bank, in return, the undertaking to pay an interest rate of 3% (notoriously unusual clause for shares) and then proceed with the repurchase of the same shares through third parties.
The subject of the seizure are the liquid assets of the people involved, still being quantified, numerous properties (eleven buildings and various land) and luxury cars.
