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MontePaschi spokesman falls to his death

Last Updated: Thursday, March 7, 2013 - 18:57

Milan: The spokesman of embattled Italian bank Monte dei Paschi di Siena has fallen to his death after investigators searched his home and office in connection with a probe.

David Rossi, 51, died yesterday evening after falling from the third floor of the bank`s headquarters. He was not under investigation himself, but his home and office were searched last month in the probe into the bank`s purchase of Antonveneta bank in 2007 and losses in derivative transactions.

The bank called Rossi`s death "a terrible tragedy" in a note posted on its Facebook page on Thursday.

Rossi became head of the bank`s communications office in 2006, following former chairman Giuseppe Mussari from the Monte dei Paschi di Siena foundation, the bank`s largest shareholder. Mussari is under investigation for market manipulation and misleading regulators.

PTI



First Published: Thursday, March 7, 2013 - 18:57
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