Gianpiero Fiorani

Italian finance bosses arrested

Three Italian bank bosses involved in a controversial takeover deal this summer have reportedly been arrested.

Gianpiero Fiorani, ex-Banca Popolare Italiana (BPI) boss, was charged with criminal association in market rigging, AP quoted prosecutors as saying.

Also reportedly detained were former chief finance officer Gianfranco Boni and consultant Silvano Spinelli