Friday, 24 January 2014 - 10:15am

Banco Desio Lazio SpA and Credito Privato Commerciale SA (in liquidation)

Friday 24 January 2014

“Banco Desio Lazio SpA” and “Credito Privato Commerciale SA (in liquidation)”:
proceedings before the Court of Rome and involving the two companies concluded with a plea bargain

Banco di Desio e della Brianza SpA announces that at today’s hearing in the criminal proceedings no. 22698/08, the Court of Rome accepted the plea bargain filed by the subsidiaries CPC SA (Credito Privato Commerciale of Lugano, in liquidation since June 2012) and Banco Desio Lazio SpA, involved in these proceedings as a result of corporate administrative liability pursuant to Italian Legislative Decree 231/2001. The total outlay associated with the plea bargain will have no effect on the income statements of the two companies as the full amount has already been allocated to provisions.

This judicial order brings to a close the proceedings that began in 2011 when the two companies were served notices of findings in the investigation of events dating back to 2009 charged to a number of its former officers.

Desio, 24 January 2014

The Chief Executive Officer

Press release 36.24 KB
Last updated 07/07/2014