Mediobanca directors under investigation
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.MILAN (Reuter) - Senior executives at Mediobanca, Italy's most powerful bank, were formally warned yesterday that they were being investigated over the near- collapse last year of the Ferruzzi- Montedison group.
The bank's honorary president, Enrico Cuccia, and three other officials were notified of the investigation by magistrates in Ravenna.
The secretive bank dominates Italian business life, advising leading companies from Fiat to the Fininvest media empire of Prime Minister Silvio Berlusconi.
Mediobanca said that its managing director, Vincenzo Maranghi, and two directors also received official warnings that they were under suspicion for allegedly issuing false statements about Ferruzzi's accounts.
Under Italian law, an official warning does not mean charges will be brought. It is a warning to suspects that they should hire a lawyer.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments