A judge and prosecutor on Monday
agreed to shelve charges of obstruction against Mediobanca CEO
Alberto Nagel and Salvatore Ligresti, former head of Fonsai
insurance and asset management company.
They faced allegations of obstructing Consob, the national
securities regulator.
Both men had denied the allegations related to an alleged
pact for a 45-million-euro payout plus extensive benefits for
the veteran financier and his children Jonella, Giulia, and
Paolo Ligresti in exchange for his exit from the Premafin-Fonsai
group.
The pact was allegedly kept a secret from Consob.
The Ligrestis are no strangers to the justice system.
In a separate case, Paolo Ligresti gave himself up to
Italian police on the Swiss border at Chiasso on June 29 after
spending two years on the lam in Switzerland.
He is wanted for suspected share-rigging and false
accounting in a probe into Fonsai.
The warrant was issued in July 2013.
Paolo Ligresti agreed to hand himself over after a judge
granted house arrest in the case.
In February, finance police confiscated shares and bank
account deposits worth 9.5 million euros from Salvatore Ligresti
and his daughter Jonella as part of a money-laundering inquiry.
The investigation follows the two being charged with false
accounting in the family insurance concern Fonsai and
manipulation of the market.
The shares and accounts were held at the Milan branch of
Unipol Banca protected a double company screen consisting of an
Italian trust company and three Luxembourg companies, Hike
Securities Spa, Canoe Securities Sa and Limbo Invest sa, finance
police sources said.
Finance police carried out the operation to prevent the
Ligrestis transferring assets abroad.
In July the entire Ligresti family was arrested in a graft
probe and in November family patriarch, veteran financier and
insurance magnate Salvatore went on trial for alleged corruption
along with former insurance watchdog Giancarlo Giannini.
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