Ex-Telecom board member Elio Catania to face trial

Accused of giving privileged information to journalist

(ANSA) - Rome, November 28 - A judge on Friday ordered Elio Catania, ex-Telecom board member, to stand trial in March on charges of insider trading, ANSA sources said.
    Catania, who is currently president of the digital division of Italian big-business group Confindustria, will be tried for abuse of privileged information, ANSA sources said.
    The trial, set to start on March 3, stems from a formal complaint brought by Telecom in which Catania is alleged to have given a journalist information that was reserved only for the Telecom board of directors.
    Telecom claims that the information Catania revealed about the company's negative growth trend provoked a 5% decline in Telecom stock. The journalist was also implicated in the original complaint, but investigating judges later dismissed that allegation.


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