Siena Court Said to Pursue Swiss Laundering in Paschi Probe

Siena Court Said to Pursue Swiss Laundering in Paschi Probe

Alessia Pierdomenico/Bloomberg

Gianluca Baldassarri, a former finance chief for Monte Paschi, is being probed for money laundering in Switzerland and has built up assets in Italy and abroad disproportionate to his official income, estimated at 300,000 euros ($386,000), a Siena judge wrote in a March 17 arrest order obtained by Bloomberg News.