Ex-Barclays banker jailed for corruption

Prison Bars

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.

Reuters reports that 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 $11.9m 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.

To access the complete Reuters article hit the link below:

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

Soros says ready to invest $1 billion in Ukraine if West helps

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts