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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Barclays PLC    BARC   GB0031348658

BARCLAYS PLC

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Barclays : Ex-Barclays executive, businessman given jail terms in Italy for corruption

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03/27/2015 | 11:54am EST

MILAN (Reuters) - A former manager of Barclays in Italy Vittorio Maria De Stasio and businessman Aldo Bonaldi were sentenced to jail by a court in Milan on Friday on corruption charges.

De Stasio, who was sued by Barclays, was charged with facilitating loans to four companies owned by Bonaldi even after finding out the businessman was caught up in a case involving an 11-million-euro scam against the European Union.

The court heard De Stasio, who was Barclays' chief executive for retail and business banking in Italy, received 150,000 euros in kickbacks paid into Swiss bank accounts after the loans were granted.

A judge sentenced the pair to two years and eight months each in prison. They have the right to appeal and will not go to jail until the appeals process is exhausted.

They were also ordered to pay Barclays 2 million euros in damages.

De Stasio, who was in the courtroom, did not make any comment. He had previously denied wrongdoing. Bonaldi's lawyer did not respond to a request for comment.

(Reporting by Manuela D'Alessandro; Writing by Stephen Jewkes; Editing by Janet Lawrence)

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Financials (GBP)
Sales 2019 21 531 M
EBIT 2019 7 109 M
Net income 2019 2 475 M
Debt 2019 -
Yield 2019 5,21%
P/E ratio 2019 12,3x
P/E ratio 2020 7,40x
Capi. / Sales2019 1,36x
Capi. / Sales2020 1,33x
Capitalization 29 323 M
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Number of Analysts 22
Average target price 195,71  GBp
Last Close Price 169,40  GBp
Spread / Highest target 47,6%
Spread / Average Target 15,5%
Spread / Lowest Target -34,7%
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NameTitle
James Edward Staley Group Chief Executive Officer & Director
Taylor Wright Co-Head-US Equity & Managing Director
Nigel Paul Higgins Group Chairman
Paul Herbert Compton Group Chief Operating Officer
Tushar Morzaria Group Finance Director & Executive Director
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