Finance police searched the
Arezzo headquarters of Banca Etruria early on Wednesday to seize
documents, ANSA sources said. Several former managers including
the father of Reform Minister Maria Elena Boschi are 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.
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