Four bankers are being investigated as part a probe into Lactalis's stakebuilding in Parmalat (PLT.MI), a judicial source said Wednesday, Italian wire MF-Dow Jones reported.

The same person said that the head of Intesa Sanpaolo private equity within its Corporate and Investment Banking unit, Fabio Cane, is under investigation for insider trading while the head of Italy investment banking at Societe Generale (GLE.FR), Patrizia Micucci, is under investigation for market rigging.

A banker of Lazard (LAZ) and a representative of the three funds that in January announced they controlled a combined 15% of Parmalat are also under investigation for market rigging.

The probe on Parmalat started in March following an official complaint by Chief Executive Enrico Bondi, another person with knowledge of the situation said earlier in April.

Representatives of Intesa Sanpaolo (ISP.MI) had no comment Wednesday. Societe Generale wasn't immediately reachable for a comment.

-By Alessandro Mocenni and Sabrina Cohen, Dow Jones Newswires, +39 02 5821 9906; sabrina.cohen@dowjones.com

Planetel (BIT:PLN)
Historical Stock Chart
From Jan 2025 to Feb 2025 Click Here for more Planetel Charts.
Planetel (BIT:PLN)
Historical Stock Chart
From Feb 2024 to Feb 2025 Click Here for more Planetel Charts.