case centered on a 245 million euro ($272 million) suspected tax
fraud resulting from a complex financial scheme, known as
Project Brontos, set up by Barclays to allow UniCredit to pay
lower taxes between 2007 and 2009.
In March last year a Rome judge cleared Profumo, who left
UniCredit in 2010, and the other 19 people but prosecutors
appealed the decision.
The source said on Friday the top court had declared the appeal
inadmissible, meaning the acquittal is now final.
"UniCredit...expresses its full satisfaction having always
maintained, with the utmost conviction, that its representatives
and employees, including those who have left the bank, always
acted correctly," a UniCredit spokesman said.
Prosecutors had alleged the Brontos financial scheme helped
UniCredit depict part of its income as dividends allowing it to
benefit from a more favorable tax rate under Italian law.
(Reporting by Massimiliano Di Giorgio, writing by Valentina Za;
editing by Susan Thomas)
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