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Derivatives, Vittorio Grilli lawyer: “Acquitted by Corte Conti, sentence is justice act”

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“I believe that with this sentence there was an act of justice”. Thus the lawyer Mario D’Urso, lawyer of the former CEO of the Treasury and former Minister of the Economy Vittorio Umberto Grilli, comments to the Adnkronos the sentence of the Court of Auditors of Lazio which acquitted former managers of the Mef, including the same Grilli, for an alleged damage of approximately € 3.9 billion linked to the stipulation of derivative financial product contracts with the Morgan Stanley bank. “It is a correct sentence, he faced the problems in their integrity – he continues – Grilli, moreover, at that time he had already been appointed deputy minister so his participation (in the derivative affair ed) was very doubtful”. Tesoro Vittorio Umberto Grillo and Domenico Siniscalco (later ministers of the Economy) and Vincenzo La Via and the former manager, Maria Cannata, former head of public debt for an alleged damage of about 3.9 billion euros linked to the stipulation of contracts in financial products with Morgan Stanley bank. At the heart of the process is the stipulation, renegotiation, restructuring and early closure, between December 2011 and January 2012, of some derivatives subscribed by the Italian State.

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