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News
of the probe, which emerged last month, risked undermining
investor sentiment in the bank's management as it seeks to raise
up to 5 billion euros in an emergency capital increase by the
end of the year.
A judge will now be called to rule on the request, which was
submitted by prosecutors on Thursday.
A source told Reuters last month that Monte dei Paschi CEO
Fabrizio Viola and former chairman Alessandro Profumo were being
investigated in relation to the way the bank booked two
derivatives trades in its accounts between 2011 and 2014.
One of the sources said on Thursday the request to shelve the
probe was warranted given that there was ample reference to the
nature of those trades in a separate section of the bank's
financial accounts and regulators had been informed.
The probe started last year in Siena and it was transferred to
Milan, which has jurisdiction over market manipulation crimes,
in July.
(Reporting by Emilio Parodi, writing by Valentina Za)
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