Tuesday, January 10, 2012

Summary Box: Monti minister quits in scandal (AP)

OFFICIAL RESIGNS: Italian Premier Mario Monti's new government suffered its first ethics casualty Tuesday with the resignation of a top official who allegedly received complimentary vacations at an exclusive Tuscan resort.

DENIAL OF WRONGDOING: Carlo Malinconico, Monti's undersecretary, quit Tuesday although he insisted he did nothing wrong.

THE VACATIONS: Italian media have reported that a businessman under investigation for alleged corruption in a public contracts case paid at least part of the euro19,876 (over $25,000) bill for Malinconico's summer weekend getaways in 2007 and 2008 at the five-star Il Pellicano resort on the Tuscan coast.

Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/ap/20120110/ap_on_bi_ge/eu_italy_financial_crisis_summary_box

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