An Italian judge on Friday
indicted five American Express executives and managers for
alleged fraud and usury against residents in the southern
Italian region of Puglia in a case involving so-called
'revolving' credit cards.
Amex denies the charges.
The probe, which began four years ago, led to the Bank of
Italy temporarily ordering Amex to stop issuing credit cards in
Italy.
The precautionary measure was taken after some card users
in Puglia were implicated in a probe into money laundering and
usury, or loan-sharking.
The credit-card probe is based in the Puglia city of Trani.
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