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November 16, 1993

DE BENEDETTI CLEARED OF ONE CHARGE

By CBR Staff Writer

Phew! That’s one less thing for him to worry about: a civil court in Milan finally cleared Ing C Olivetti & Co SpA chief Carlo De Benedetti of wrongdoing over the collapse a decade ago of the Banco Ambrosiano bank: the ruling was final, but De Benedetti still faces a possible jail sentence in a separate criminal case arising from Italy’s biggest post-war banking crash; the criminal proceedings against De Benedetti are also the subject of an investigation by the Justice Ministry, which ordered the probe earlier this month to establish whether there had been political pressure on magistrates to pursue De Benedetti, who has never been popular with Rome politicians.

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