Italy state firm chief jailed

Wednesday 12 May 1993 23:02 BST

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Franco Nobili, the head of Iri, Italy's largest state holding company, was arrested on suspicion of corruption and violating the law on party finance. He joined Gabriele Cagliari, until recently head of Eni, the second-largest holding company, in Milan's San Vittore prison, Patricia Clough writes from Rome.

In France, police said they had arrested Michele Zaza, head of the Camorra, the Naples mafia, and 23 other reputed Italian gangsters on the Cote d'Azur as part of a three-nation operation. Those involved were suspected of running a bogus import-export firm designed to swindle meat wholesalers and banks out of more than pounds 850m in EC subsidies.

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Italy state firm chief jailed

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