Telecom Italia executive suspended after private corruption probe

Telecom Italia executive suspended after private corruption probe

Telecom Italia (TLIT.MI), opens new tab (TIM) suspended and replaced its chief procurement on Wednesday after his office was searched as part of an investigation into alleged private corruption.

In a search warrant seen by Reuters, Rome prosecutors alleged that Simone De Rose received, “in the context of a corrupt relationship between private individuals”, 50,000 euros ($53,875) from an NTT Data Italia manager.