BARI – The operation with which in 2017 Maiora sold the Del Monte farm in Conversano for 500 thousand euros to a company made up of the sons of two directors of the local Cooperative Credit Bank would have contributed to the malicious bankruptcy of Vito Fusillo’s company, which went bankrupt in September 2019, starting the avalanche that then overwhelmed Banca Popolare di Bari. It is on this hypothesis that the Bari Public Prosecutor’s Office requested the indictment of six people accused in various capacities of complicity in fraudulent bankruptcy and bank usury.
On 26 February, in the preliminary hearing before the preliminary hearing judge Gabriella Pede, in addition to Fusillo, Donato Venerito, 75 years old, general director of the BCC of Conversano, his son Alessandro Venerito, 44 years old, and the agricultural entrepreneur Michele D’Attoma, 63 years old, will appear. years old, to his son Orlando D’Attoma, 27 years old, and to Orazio Nicola Trisolini, 61 years old, the engineer who prepared the appraisal on the farm «underestimating – according to the prosecutor Lanfranco Marazia – the value of the compendium being sold», estimated by the Prosecutor’s Office at no less than 1.9 million…
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What measures can be taken to improve financial oversight in the banking sector of Bari?
Interview with Guest 1:
Editor: Good day, thank you for joining us today for this interview regarding the recent developments in the banking sector of Bari. Can you please introduce yourself and provide your perspective on the allegations made in the article?
Guest 1: Of course, my name is Maria DiMaio, and I work as a financial consultant in the region of Bari. Based on the information provided in the article, it seems like there was a complex web of alleged financial improprieties and irregularities that led to the collapse of Banca Popolare di Bari.
Editor: That’s correct. From your expertise, could you elaborate on what you believe were the main underlying factors that contributed to this situation?
Guest 1: Well, according to the article, there were several suspected cases of bankruptcy fraud and misuse of credit facilities by various individuals and companies involved in this case. The alleged sale of the Del Monte farm at an undervalued price appears to be a significant factor, as it not only affected the financial stability of the seller but also contributed to the overall decline of Banca Popolare di Bari. There could have been other factors as well, such as poor risk management and inadequate supervision by the bank authorities.
Editor: Absolutely, we’ll delve deeper into those issues later in the interview. Moving on, what are your thoughts on the role of the local Cooperative Credit Bank in this matter?
Guest 1: Again, based on the information provided in the article, the bank’s management seems to have played a significant part in facilitating these alleged irregularities. It is crucial for all financial institutions to ensure transparency and adhere to proper lending practices to maintain public trust. If the allegations are true, it would be a serious breach of ethics and responsibility on their part.
Editor: Indeed, it’s important for financial institutions to uphold high standards at all times. Now, shifting gears somewhat, do you believe that existing laws and regulations are sufficient to prevent such situations from occurring in the future?
Guest 1: I think there’s always room for improvement in the regulatory framework. However, the effectiveness of these laws depends on proper enforcement and monitoring. If there are loophol
