Fastweb founder jailed in US$2.7bil money laundering probe


ROME: Businessman Silvio Scaglia has been jailed pending questioning in a probe of an alleged euro2 billion (US$2.7 billion) money laundering operations involving two Italian Internet and phone companies, Italian news agencies said Friday.

Scaglia, the founder of Fastweb, flew back to Italy late Thursday night aboard a private jet from the Antilles in the Caribbean and was whisked away from Ciampino airport to Rome's Rebibbia prison.

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