Finance police searched the Arezzo headquarters of Banca Etruria early on Wednesday to seize documents, ANSA sources said. The seizure was ordered by Civitavecchia prosecutors who are probing the suicide of former Banca Etruria bondholder Luigi D'Angelo, who killed himself after losing over 100,000 euros.
The probe is into suspected fraud and instigation to suicide.
Several former Etruria managers including the father of Reform Minister Maria Elena Boschi are also being probed for suspected mismanagement in the bank's bankruptcy. Banca Etruria is one of four failed banks that were rescued by the government last year leaving investors holding worthless bonds. The others are Banca Marche, Cassa di Risparmio di Chieti (CariChieti) and Cassa di Risparmio di Ferrara (CariFe). The government has unveiled a compensation package but some former bondholders are unhappy with it.
ALL RIGHTS RESERVED © Copyright ANSA
