PIF announces pricing of $1.25 billion international sukuk offering    GAMI is organizing Saudi pavilion at Athens International Defense and Security Exhibition    Businesses count costs as India and Bangladesh impose trade restrictions    Israel fires largely controlled after mass evacuations    Donald Trump looms large over Australia's election    Trump ousts Waltz as national security adviser, nominates him for UN post    Saudi economy posts 2.7% growth in 1Q 2025    Saudi Arabia to rehabilitate six hospitals in Sudan    New Parkinson's Pump therapy introduced at King's College Hospital London in Dubai First-of-its-kind treatment offers a new lease on life for the youngest Parkinson's patient in the UAE and MENA region    Over 650,000 visit Saudi Arabia's 'Jusoor' exhibition in Jakarta in just six days    Makkah Mayoralty approves 3,149 Hajj housing permits for over 1.8 million pilgrims    King Charles sends heartfelt message to fellow cancer patients    FlyAkeed unveils AkeedAI at ATM Dubai — redefining the future of corporate travel with agentic intelligence    Al Nassr crash out as Kawasaki Frontale reach AFC Champions League Elite final    HR Ministry approves regulations for job ads and interviews in private sector    Saudi Transplant Congress discusses scientific advancements and innovations on organ donation and transplantation    Al Ahli stun Al Hilal to reach AFC Champions League Elite final    SR200,000 reward for each player of the Saudi club winning AFC Champions League title    William and Kate celebrate anniversary on Isle of Mull    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Berlusconi pressures opposition about bank scandal
Published in Saudi Press Agency on 23 - 10 - 2006

Italy's Prime Minister Silvio Berlusconi on Thursday gave magistrates information about a banking scandal in which he says the main opposition party acted improperly, less than three months ahead of a general election, Reuters reported.
A legal source said Berlusconi had requested the meeting, which is likely to further raise political tensions in the run-up to a vote opinion polls say will be closely contested.
"He gave to magistrates ... a short while ago the information he had regarding the Unipol affair," a statement from Berlusconi's office said, without elaborating.
There has been a great deal of soul-searching among the Democrats of the Left (DS) since a newspaper last week printed wiretapped conversations between the head of the DS, Piero Fassino, and the chairman of insurer Unipol -- who has since had to resign after being put under investigation.
Although there is no suggestion Fassino committed a crime, critics say the transcripts showed he inappropriately supported Unipol in its failed takeover bid for Banca Nazionale del Lavoro (BNL), a Rome-based bank.
The DS have rejected allegations of misconduct and spent most of this week trying to minimise the impact of Fassino's phone conversations with Unipol's Giovanni Consorte, in which Fassino asked him: "So, do we own a bank?"
Consorte resigned this month after he was put under investigation for possible financial crimes linked to the offer, which was eventually rejected by the Bank of Italy on Tuesday.
Fassino has said he was merely cheering on the bid by Unipol, which is indirectly controlled by a group of cooperatives traditionally close to the party, and played no role in it. He has accused the government of using the scandal to smear him ahead of the polls.
Berlusconi, keen to capitalise on the embarrassment of his foes, raised the stakes late on Wednesday when he said he knew that DS leaders had not been simple spectators in the affair and was ready to tell prosecutors all about it.
"The DS are lying about Unipol," Berlusconi told a TV talk show. "I know that they didn't limit themselves to cheering Unipol on, but they held meetings with (BNL) shareholders who sold their shares after those meetings ... I plan to make these things known to the prosecutors".
The bank takeover affair, in which bids by foreign banks to break into Italy's financial markets were scuppered by domestic rivals, has rumbled on since July and forced the resignation of Bank of Italy Governor Antonio Fazio in December.
Until last week the scandal had looked more damaging to the government, which appeared impotent in the face of a huge blow to Italy's image, but the latest revelations have dashed any hopes the centre-left had of making gains from the affair.
They have also inflamed the electoral campaign at a time when opinion polls suggest that Berlusconi has narrowed the lead of the centre-left coalition, of which the DS is the biggest party.
A poll broadcast by Sky Tg24 on Thursday gave Berlusconi's centre-right grouping 46 percent of the April 9 vote against 51 percent for the centre-left.
Only a few months ago the opposition was credited with a 10 percentage point lead, but one sounding in December said Berlusconi's bloc was as little as 1.5 percentage points adrift.


Clic here to read the story from its source.