UnipolSai CEO Cimbri 'probed for market-rigging' - update 2

(ANSA) - Bologna, May 22 - Carlo Cimbri, the CEO of Italian financial-services company UnipolSai, has been put under investigation by Milan prosecutors on suspicion of alleged market rigging, ANSA sources said Thursday. The probe relates to alleged irregularities in the merger between insurance firms Unipol, Milano Assicurazioni, Premafin and Fondiaria-Sai, which was completed in January this year, the sources said. Finance police seized documents at UnipolSai's offices on Thursday in Bologna to obtain evidence for the probe. Three other managers are also under investigation.
    They are Roberto Giay, the former CEO of Premafin Finanziaria; Fabio Cerchiai, the former chairman of Milano Assicurazioni; and Vanes Galanti, an ex-president of Unipol.