UniCredit CEO, Mediobanca Counsel Quizzed in Paschi Sale Probe

UniCredit SpA Chief Executive Officer Andrea Orcel has been quizzed by Milan prosecutors as part of a probe into Italy’s sale of a stake of Banca Monte dei Paschi di Siena SpA, according to people familiar with the matter.

Orcel as well as Mediobanca SpA General Counsel Stefano Vincenzi were asked to give information to prosecutors in recent months because of their knowledge of the transaction and neither are under investigation or accused of any wrongdoing, added the people, who spoke on condition of anonymity.