Fazio faces fraud investigation

Governor Antonio Fazio of the Bank of Italy is under investigation in connection with a probe of alleged fraud in the sale of securities by an Italian bank.

Prosecutor Antonio Savasta in Trani, Italy, has placed Fazio on the official register of those under investigation. The prosecutor in the southern Italian town last year opened an investigation for alleged fraud in the sale of securities by Banca 121, a unit of Banca Monte dei Paschi di Siena SpA, the world's oldest lender.

Several politici

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