Ex-Italy governor should face prison, says prosecutor

antonio-fazio

An Italian prosecutor has called for Antonio Fazio, the former governor of the Bank of Italy, to serve three-and-a-half years in prison for alleged market-rigging.

On Wednesday, the newswire Reuters reported Luigi Orsi, a prosecutor in Milan, as saying Fazio should spend three-and-a-half years in jail and be fined €700,000 ($1.02 million) for his alleged involvement in a failed takeover bid of Banca Nazionale del Lavoro, an Italian lender.

Fazio faces charges of market-rigging in the case

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