Pirelli rejects Italy minister’s ‘bad loan’ allegation

Milan, Italy – Pirelli C. & SpA has rejected claims that it has contributed to an ongoing crisis within Italy’s Banca Carige bank.

In a 1 Feb statement, Pirelli said it had “always honoured its debts” and never “received favours of a political nature”.

The statement came in response to comments by Luigi Di Maio, the Italian deputy premier and minister for economic development and labour, who named a number of companies allegedly responsible for “bad loans” at Banca Carige.

The Italian minister, in an address to the…

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