Italy prosecutor probing only previous Monte Paschi management

SIENA, Italy Wed Jan 30, 2013 6:24pm GMT

The main entrance to Monte Dei Paschi bank headquarters is pictured in Siena January 25, 2013. REUTERS/Stefano Rellandini

The main entrance to Monte Dei Paschi bank headquarters is pictured in Siena January 25, 2013.

Credit: Reuters/Stefano Rellandini

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SIENA, Italy (Reuters) - A probe by Italian magistrates into scandal-hit bank Monte dei Paschi di Siena (BMPS.MI) concerns only the lender's previous management, Siena public prosecutor Tito Salerno said in a statement on Wednesday.

Prosecutors in Siena, where the 540-year-old lender is based, are investigating allegations of corruption in the 2007 acquisition by Monte Paschi of smaller lender Antonveneta as well as fraud in connection to derivatives trades.

(Reporting By Silvia Ognibene)

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