The financiers of the Provincial Command of Bari are serving notices of conclusion of the preliminary investigations, issued by the local Public Prosecutor’s Office, to the pro tempore top bodies of the Banca Popolare di Bari and the managers of the branches of the credit institution, for a total of 88 people. They are being investigated in competition with each other, in relation […]
TO CONTINUE READING
SUPPORT US
€1 FOR THE FIRST MONTH
Already a subscriber?
KEEP READING
The financiers of the Provincial Command of Bari are notifying notices of conclusion of preliminary investigationsissued by the local Public Prosecutor’s Office, towards the pro tempore top management bodies of the Banca Popolare di Bari and the managers of the credit institution’s branches, for a total of 88 people. They are investigated in competition with each other, in relation to their respective functions, for fraudfor a total amount of over 8 million of euros for having induced bank customers, by deceiving them, to purchase illiquid financial products and high risk ones issued by the same credit institution.
The operation constitutes the epilogue of the investigative activity resulting from the complaints filed over time by 176 people which, according to what was contested, would have been “induced, through artifices and deceptionsas well as taking advantage of the particular situation of vulnerabilityto the purchase of financial products so-called illiquid and high risk issued by the banking institution”. The investigations made it possible to ascertain that the suspects did not provide investors with appropriate information for carrying out transactions their choices consciously of investment.
Tags: Popolare Bari people investigated fraud Scams savers vulnerable situation
