«No crime on the merger»- Corriere.it
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The Brescia Court of Appeal confirmed the acquittals of the first instance of the Ubi trial, in which the crime of obstruction of supervision was contested as part of the merger by incorporation between Brescia Banca Lombarda e Piemontese and the Bergamo-based Banche Popolari Unite transformed in 2007 into Ubi Banca.
The public prosecutor Paolo Mandurino, who represented the prosecution in the first instance and also on appeal, he had asked for 11 convictions including against Giovanni Bazoli Chairman Emeritus of Intesa Sanpaolo and until 2012 on the Supervisory Board of UBI. Bazoli was acquitted as happened in the first instance before the Bergamo court.
The appeal of Franco Polotti, convicted in the first instance, was also accepted to one year and six months for conflict of interest, and of the defendants acquitted due to statute of limitations and acquitted them too because the fact did not exist.
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