Milan

MPS ex-execs Profumo, Viola to be indicted (2)

For financial irregularities

MPS ex-execs Profumo, Viola to be indicted  (2)

Milan, April 21 - A Milan judge on Friday instructed prosecutors to indict Alessandro Profumo and Fabrizio Viola, respectively former president and ex-CEO of troubled Tuscan lender Monte dei Paschi di Siena (MPS), for suspected financial irregularities. Prosecutors had asked to shelve the case against the pair. MPS has endured a string of probes and financial woes that have forced the government to launch a precautionary recapitalisation to offset bad loans that helped place it last in a European Central Bank stress test last summer. photo: Profumo

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