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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Casey Anthony texts: "guess who spends eternity in jail" 3:17pm EDT Air France crash sparks pilot mystery 27 May 2011 Travelers sought as Gaza terminal empties quickly 10:11am EDT Death toll from Joplin tornado up again to 139 1:39pm EDT Exclusive: Hackers breached U.S. defense contractors 27 May 2011 Discussed 129 As hours tick by, ”Judgment Day” looks a dud 94 Obama departs for Europe trip, explores Irish roots 79 Netanyahu speech eyed for sign of U.S.-Israel rift Watched GM pulls the plug Fri, May 27 2011 Scientists revive ancient spider in stunning 3D detail Tue, May 24 2011 Air France crash: early findings 1:29am EDT Ex-Bank of Italy chief sentenced to 4 years in jail Tweet Share this MILAN (Reuters) - An Italian court sentenced Italy's former central bank governor Antonio Fazio on Saturday to four years in jail for market-rigging related to a 2005 takeover battle over Italian bank Banca Antonveneta. A Milan court has also... Email Print Related News Egypt's Mubarak fined for communications cut 1:24pm EDT Ex-Bank of Italy chief sentenced to 4 years in jail 8:35am EDT Russian court upholds Khodorkovsky conviction Tue, May 24 2011 Europe races to claim top job at IMF Fri, May 20 2011 UPDATE 2-Intesa SP prices rights issue at 1.369 euro/share Thu, May 19 2011 Analysis & Opinion Why more investor protection is needed, not less Chart of the day: When U.S. companies IPO abroad Related Topics World » Italy » Former Bank of Italy Governor Antonio Fazio smiles after he attended Pope's Benedict XVI general audience in St. Peter's square at the Vatican December 21, 2005. Credit: Reuters/Alessia Pierdomenico MILAN | Sat May 28, 2011 12:08pm EDT MILAN (Reuters) - An Italian court sentenced Italy's former central bank governor Antonio Fazio on Saturday to four years in jail for market-rigging related to a 2005 takeover battle over Italian bank Banca Antonveneta. A Milan court has also ordered Fazio -- who headed the Bank of Italy from 1993 to 2005 -- to pay a 1.5 million euro ($2.14 million) fine for his role in the takeover saga pitting Dutch Bank ABN AMRO against Italy's Banca Popolare Italiana (BPI). Fazio's lawyer called the sentence "unjust" and said he would file an appeal, the Ansa news agency said. "I'm confident I always acted for the good and I'm convinced this sentence should be amended," Ansa quoted Fazio as telling one of his lawyers. Fazio was forced to resign in December 2005 amid allegations that he backed the domestic bid by BPI -- now part of Italy's Banco Popolare. Former BPI Chief Executive Gianpiero Fiorani was sentenced on Saturday to one year and eight months in jail. The court also fined insurer Unipol 900,000 euros and ordered the seizure of 39.6 million euros over the misconduct of two former employees in relation to the Antonveneta case. Under Italian law, companies are held responsible for supervision failures. Unipol said in an emailed statement it would have been impossible for the insurer to prevent what happened and called the sentence surprising. "However, both the fine and the seizure are suspended until all stages of trial are completed," Unipol said. Unipol's former chairman Giovanni Consorte was sentenced to three years in jail and a one million euro fine. Fazio also faces charges of favoring market-rigging in a separate case involving Unipol's 2005 attempt to buy Italian bank Banca Nazionale del Lavoro (BNL). He denies the charges. France's BNP Paribas bought BNL in 2006. Banca Antonveneta is now part of the Monte di Paschi di Siena group. (Reporting by Manuela D'Alessandro and Valentina Za; editing by Elizabeth Piper) World Italy Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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