Ex-Fastweb CEO sought in money-laundering probe

Italian investigators probing a money-laundering racket on Tuesday issued an arrest warrant for Italian entrepreneur Silvio Scaglia, a former chief executive of broadband operator Fastweb. Scaglia, who is one of Italy’s richest men and also founded Internet television company Babelgum, is one of 56 people for whom warrants have been issued under the probe, investigators said at a news conference. A senator from Prime Minister Silvio Berlusconi’s coalition, Nicola Paolo Di Girolamo, is also among those for whom an arrest order has been issued, but authorisation from the Senate is needed before police can arrest him, the investigators said. Scaglia was previously the CEO of Omnitel, now Vodafone Italy, and spent several years working as a consultant in the early part of his career.