MPS ex-execs Profumo, Viola to be indicted (3)

For financial irregularities

MPS ex-execs Profumo, Viola to be indicted  (3)

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. Profumo and Viola said they were innocent of the charges. "I am sure my actions were correct," said Profumo. 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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