Banca Etruria Bankruptcy: 14 on Trial, Boschi's Father Included

The Arezzo prosecutor's office has filed a direct summons for bankruptcy proceedings against 14 former executives and members of the last board of directors of Banca Etruria. Among them is Pierluigi Boschi, father of former minister Maria Elena, who would be facing trial for the first time in the bank affair. This case concerns consultancy services to provide a partner to the bank, which were deemed to have caused its collapse, and is a separate branch of the ongoing bankruptcy trial involving 25 other defendants. Among the consultancy services contested by the prosecutor's office are the 4 million euros paid for assignments entrusted to large companies (Mediobanca and Bain) and important law firms (Grande Stevens in Turin and Zoppini in Rome). According to the Arezzo prosecutor's office, the members of the board of directors and the managers summoned to trial did not supervise the drafting of consultancy services, which the prosecutor's office considers largely useless and repetitive, as well as contributing to the worsening of the bank's financial crisis. 17 people were under investigation in this area. To the 14 for whom the prosecutor's office exercised the direct summons to trial – and who were investigated for the same consultancy services along with the others – are added the former president Lorenzo Rosi, the former general manager Luca Bronchi and the former vice president Alfredo Berni: but these, already involved in the fraudulent bankruptcy trial still underway (Rosi is accused, Bronchi and Berni were convicted in the abbreviated trial at the end of the preliminary hearing), the prosecutor's office has not brought them into question. cited as they are already on trial for the same facts.