31 January 2006

BPI, corrupt or incompetent

Last Friday I made a statement about the BPI, trusting in the good intentions of Divo Gronchi.

The good actions required did not happen.

In particular with regard to those who have savings and those who have a few shares.

Olmo and Castellotti, two members of the previous Board of Directors, under the leadership of Fiorani, have been re-elected. This is a shameful situation that I will work towards ending!

My statement is given here.

“The shareholders meeting of the Banca Popolare Italiana taking place tomorrow, 28 January 2006, will nominate the new Board of Directors and the related positions of office.

Divo Gronchi, the Director General, has proposed a list of members of the Board.

Among these are Giorgio Olmo and Guido Castellotti who together with the leader Gianpiero Fiorani were members of the previous Board.

This is unacceptable.

Olmo e Castellotti, as members of the Board, were responsible for watching out for the correct operation of the Bank. They didn’t do it before, so why are they likely to do that now?

They were as responsible as Fiorani was.

The motives for their negligence can only be two: collusion with Fiorani or incompetence. In both these cases they must leave their positions. For this reason, I ask that these two nominations be withdrawn and at the same time that the Banca Popolare Italiana carries out an “action of responsibility” against all the members of the previous Board of Directors.

Gronchi has declared, “the BPI must remain autonomous and independent”. I would like to add that, above all it must be managed by honest people and by the will of the whole body of shareholders.

Posted by Antonio Di Pietro in Justice