MILAN, April 21 A Milan judge has rejected a
request to shelve a case against former top executives at Monte
dei Paschi di Siena as part of an investigation for
alleged market rigging and false accounting, judicial sources
said on Friday.
The investigation started in Florence in 2015 following
complaints filed by small shareholders and consumer
Prosecutors in Milan, where the case was transferred in July
because of jurisdiction over market manipulation crimes, in
September asked for the case against Monte dei Paschi's former
Chairman Alessandro Profumo and Chief Executive Fabrizio Viola
to be shelved.
However, consumer association Codacons opposed the request.
On Friday, a Milan judge told prosecutors to present a
request that Viola and Profumo be sent to trial. A different
judge will then have to rule over that request.
A lawyer for both Viola and Profumo said he could not
comment as the judge's decision had not been notified yet.
Profumo has been designated as the new CEO of state-owned
defence firm Finmeccanica while Viola is CEO of Popolare di
Vicenza, an ailing bank which has requested a state bailout.
The case revolves around the way Monte dei Paschi booked two
derivative trades in its accounts between 2011 and 2014.
(Reporting by Manuela D'Alessandro, writing by Valentina Za,
Editing by Crispian Balmer)