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September 30, 2019Nine acquittals with full formula and four sentences of ten months imprisonment with no mention: it is the first instance verdict of the court of Arezzo, chaired by the judge Angela Avila, in monocratic composition, for the trial, in the ambit of the investigation into the collapse of Banca Etruria, which concerns the vein of fraud. The device covers all 13 defendants in the process.

Defendants were former managers and officials of the Arezzo-based bank, accused of defrauding savers by not informing them of the risks of the subordinated bonds issued by Bpel in two rounds, in July and autumn of 2013, and then canceled by the Save banks decree.

Acquitted because the fact does not exist and no criminal offense was committed by the main defendants, former executives who had to answer for instigating fraud. For them the prosecutor Julia Maggiore had asked for sentences between 3 years and 2 and a half years because, according to the prosecution, they would have put pressure on the branch managers to sell the subordinated bonds to an indistinct public.

Of the other nine defendants, branch managers and employees who materially sold the securities to savers - accused of aggravated fraud and for whom the prosecutor headed by the chief prosecutor Roberto Rossi - five employees of the bank were acquitted with the same formula as the four executives, while four officials were sentenced to ten months with no mention.