Italy prosecutor probing only previous Monte Paschi management

SIENA, Italy Wed Jan 30, 2013 12:25pm EST

People are reflected in the window of a Monte Dei Paschi Di Siena bank in Rome January 29, 2013. out. REUTERS/Max Rossi

People are reflected in the window of a Monte Dei Paschi Di Siena bank in Rome January 29, 2013. out.

Credit: Reuters/Max Rossi

SIENA, Italy (Reuters) - A probe by Italian magistrates into scandal-hit bank Monte dei Paschi di Siena (BMPS.MI) concerns only the lender's previous management, Siena public prosecutor Tito Salerno said in a statement on Wednesday.

Prosecutors in Siena, where the 540-year-old lender is based, are investigating allegations of corruption in the 2007 acquisition by Monte Paschi of smaller lender Antonveneta as well as fraud in connection to derivatives trades.

(Reporting By Silvia Ognibene)

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