Fazio was forced to resign and BPI Managing Director, Gianpiero Fiorani, was arrested on a number of charges in connection with the attempted takeover, having been accused of using illegal procedures.
•
Close personal ties between BPL Managing Director Gianpiero Fiorani and Banca d'Italia Governor Antonio Fazio ensured prompt authorization of BPL's requests, while those of ABN Amro were stalled.
Thus, according to the (GIP) magistrate Clementina Forleo, many small account holders suffered huge losses.