Time.news – The former president of Banca Popolare di Vicenza Gianni Zonin was sentenced to 6 years and 6 months in the trial for the collapse of the Venetian institute. Sentencing also for former managers Emanuele Giustini (6 years and 3 months) and for Paolo Marin and Andrea Piazzetta (both 6 years). Former councilor Giuseppe Zigliotto and Massimiliano Pellegrini acquitted because the fact does not constitute a crime.
A two-year process
The sentence was read by the president of the judicial panel of the court of Vicenza, Debora De Stefani. 83-year-old Zonin, also known as one of the greatest Italian wine entrepreneurs, was not present in the classroom. As for the other defendants, the former deputy director general Emanuele Giustini was sentenced to 6 years and 3 months, the other former deputy dg Paolo Marin and Andrea Piazzetta to 6 years. Former councilor Giuseppe Zigliotto and former executive Massimiliano Pellegrini acquitted, because the fact does not constitute a crime. The crimes charged to the accused were of false prospectus, an obstacle to supervision and rigging. Prosecutors Luigi Salvadori and Gianni Pipeschi had asked for a sentence of 8 years and 6 months for Giustini, 8 years and two months for Marin, Piazzetta and Zigliotto, and 8 years for Pellegrini. The trial lasted over two years with 116 hearings.
The managers of Pop Vicenza would have hidden the real financial situation of the bank and would have promoted a reckless self-financing campaign of the shares which in the end did not hold up. The acquittal of Zigliotto stands out, who has always complained of being the only member of the board of directors, apart from Zonin, to be put on trial.