Feb 14, 2013

http://www.reuters.com/article/2013/02/14/us-montepaschi-arrest-idUSBRE91D0FG20130214

(Reuters) - Italian police arrested on Thursday the former head of Monte dei Paschi's finance department, who is at the center of a probe into alleged fraud and bribery at Italy's third largest bank, prosecutors said.

Gianluca Baldassarri is the first person to be arrested in a widening scandal that has rocked the world's oldest bank and triggered a financial and political storm ahead of Feb 24-25 national elections.