MILAN Feb 14 Italian financier Alessandro
Proto, who in the past announced plans by investors to buy
stakes in some of Italy's top companies, was arrested on
Thursday as part of an investigation into alleged market
rigging, two police sources said.
Italian tax police on Thursday said in a statement they had
arrested an Italian citizen, who was identified by the two
police sources as Proto.
In the statement, the tax police said the individual
arrested had not given timely information requested by market
watchdog Consob regarding certain trading activity.
Proto's lawyer, contacted by Reuters by email, did not give
any immediate reply.
In the past Proto has made offers, on behalf of investors,
for stakes in Italian banks Monte dei Paschi di Siena
and UniCredit, publisher RCS and car maker
These offers were for stakes that were below the threshold
that would trigger a compulsory filing with Consob.
In November, Proto was placed under investigation by Milan
prosecutors for alleged market rigging, judicial sources said.
Proto denied at the time that he was under investigation for
Consob said Proto had not provided required information in
relation to his role in an investment in RCS, the publisher of
Italy's leading newspaper Corriere della Sera.
(Reporting by Emilio Parodi and Sara Rossi; writing by Stephen
Jewkes; editing by Jane Baird)