Bank of Italy Governor Ignazio Visco is under investigation in a probe regarding the 2013 placement of Banca Popolare di Spoleto SpA in special administration, according to a court document obtained by Bloomberg News.
“The Bank of Italy is not aware of any initiative by judicial authorities,” the central bank said by e-mail earlier Tuesday, commenting on an article by newspaper Il Fatto Quotidiano which reported that Visco is among those being probed. A spokeswoman for Visco declined to comment further.
Prosecutors in the central Italian town of Spoleto are investigating Visco for alleged corruption, fraud and abuse of office, according to a Sept. 11 court document that lists several people under investigation. The bank’s former special administrators are also being probed, according to the document. Prosecutor Gennaro Iannarone said in an e-mailed response to questions that he’s not allowed to speak to the press on such matters.
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