The Former Head Of Europe’s Most Disastrous Bank Was Just Jailed…(3 Down!…Few Hundred To Go!)

Monday, November 3, 2014
By Paul Martin

Stefano Pozzebon
BusinessInsider.com
Nov. 3, 2014

Three former senior executives at Monte dei Paschi (MPS) have been sentenced to prison, the Italian Corriere della Sera reported Friday.

Giuseppe Mussari was president of the Italian bank from 2006 to 2012. During his tenure, MPS purchased another Italian bank, Antonveneta, for the reported sum of €10 billion ($12.5 billion). The purchase quickly came into question because it allegedly breached market competition rules and there were suspicions of fraud.

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