(Alliance News) - As reported by Milano Finanza on Wednesday, Milanese magistrates could soon resume investigative proceedings in the MPS-Mediobanca inquiry. The probe involves Francesco Gaetano Caltagirone, Delfin and EssilorLuxottica Chairman Francesco Milleri, and Montepaschi CEO Luigi Lovaglio, all of whom are under investigation for alleged market manipulation and obstruction of supervisory authorities.
Prosecutors hypothesize a concerted agreement between multiple parties regarding the privatization of MPS and the attempted takeover of Mediobanca, with the ultimate goal of exerting influence over Generali.
The analysis of devices seized in November, including those belonging to the suspects, is now nearing completion. The next phase is expected to involve hearings with the key figures and several witnesses to bolster the evidentiary framework.
The investigation, coordinated by prosecutors Luca Gaglio and Giovanni Polizzi, was launched in February 2025 following a complaint filed by Mediobanca. After an initial lull tied to key shareholder meetings at both banks, the probe accelerated in November with searches and seizures related to an alleged agreement between Caltagirone and Delfin dating back to 2019.
The timeline has been extended due to technical and legal hurdles, including appeals, difficulties in data extraction, and the necessity of filtering information via keywords. The phone of former Treasury official Marcello Sala remains to be analyzed; prosecutors have requested parliamentary authorization to review any communications with political figures.
These specific chats could clarify the Ministry of Economy's role in the 2024 sale of a stake in MPS, a transaction investigators believe favored the proponents of the Mediobanca takeover bid.
By Chiara Bruschi, Alliance News reporter
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