Prosecutors requested jail time for former Deutsche Bank and Nomura senior officer and members of management of Monte Dei Paschi si Siena as part of the investigation linked to the creation of fraudulent accounts to dissimulate the issues that Dei Paschi was suffering.
The prosecution requested a total of $1 Billion in assets to be seized plus incarceration for officials of Nomura 6 years of jail time, Deutsch for a term of 5 years, while Dei Paschi management was set for 8 years of prison time.
Former Deutsche bank Management officials include Michele Faissola, former head of global rates, for Michele Foresti, former head of structured trading, and Dario Schiraldi, former head of European sales.
Nomura’s former CEO Sadeq Sayeed, is being prosecuted with a requested prison term of 6 years.
Dei Pasch officials include Chairman Giuseppe Mussari, former chairman and the ex-General Manager Antonio Vigni.
Those individuals are accused of having abused their position to facilitated trades, created fraudulent accounts and dissimulate losses.
