Thirteen top officials from Banca Monte dei Paschi di Siena (BMPS), Deutsche Bank and Nomura are to go on trial in Milan for their alleged role in a long-running derivatives scandal, Italian newspapers reported Sunday.
The accused in the trial due to open December 15 include Giuseppe Mussari, former chairman of the BMPS Foundation, his former chief executive Antonio Vigni, six former employees of Germany's Deutsche Bank and two of Japan's Nomura bank.
The alleged crimes, committed between 2008 and 2012 and key to a scandal that has rocked BMPS since 2013, concern false accounting, share manipulation and obstructing regulators from Consob, Italy's stock exchange watchdog. The investigation focuses on derivatives trades called Santorini and Alexandria, conducted with Deutsche Bank and Nomura respectively to hide losses equivalent to two billion euros ($2.2 billion).