The scandal centers on losses of $ 975 million ( 730 million euros ) from financial products . McDonnell said local party officials were `` all up to their necks in Florence dei Paschi '' Monte dei Paschi was chairman of Mussari from 2006 before stepping down last year .
The scandal centers on losses of 730 million euros ( $ 975 million ) from financial products . McDonnell said local party officials were `` all up to their necks in Monte dei Paschi '' Mussari was chairman of Monte dei Paschi from 2006 before stepping down last year .