Banca Progetto says it's injured party in fraud probe

(ANSA) - ROME, NOV 5 - Banca Progetto said Tuesday that it was the injured party after two people were arrested in a Brescia probe into allegations the Milanese merchant bank was involved in the loan of 6.7 million in state-guaranteed funds obtained via false documentation.
    The bank was put into judicial administration by a Milan court last month for allegedly having granted over 10 million euros in loans to companies linked to the Calabria-based 'Ndrangheta mafia.
    "In relation to press reports circulated today concerning investigations by the Brescia Finance Police, Banca Progetto Spa specifies that it is an injured party in the affair," the lender said.
    "The Bank confirms its willingness to cooperate with the finance police and the competent authorities" and "reserves the right to take any appropriate action, including in relation to the dissemination of false and defamatory news for the damage that could cause the Institute".
    The Brescia case is parallel to one by prosecutors in Monza.
    (ANSA).