Zurich, Switzerland (GenevaLunch) – The founder of Fastweb, Italian company purchased to much fanfare by Swisscom in 2007, has been arrested in Rome. Silvio Scaglia, one of Italy’s wealthiest men and for several years the darling of high tech Italy, was arrested as he returned from a business trip abroad. He was taken to Rebibbia prison for questioning over his role in a fiscal fraud and money laundering ring that authorities say involves more than 50 Italian business people.

Scaglia issued a press release earlier saying that he is not guilty and is anxious to be interviewed by authorities in order to clear up the matter.

Fastweb came to international business attention in 2007 when Scaglia pushed it to the forefront of peer-to-peer web TV.

Links to other sites: Swisscom,  TSR (Fre), Wall Street Journal

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