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Italy's Meloni: probe against me may push away foreign investors

Published by Global Banking & Finance Review

Posted on January 30, 2025

2 min read

· Last updated: January 26, 2026

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ROME (Reuters) - Italy's Prime Minister Giorgia Meloni said on Thursday an investigation targeting her over the release of a Libyan war crimes suspect was bad publicity that could push away much-

Meloni Warns Investigation Could Deter Foreign Investment in Italy

ROME (Reuters) - Italy's Prime Minister Giorgia Meloni said on Thursday an investigation targeting her over the release of a Libyan war crimes suspect was bad publicity that could push away much-needed foreign investment.

"The point is that what is happening above all damages the nation ... That is what frankly drives me a little crazy," Meloni told a business conference in Milan, speaking via a video link.

Italy's leader has been placed under investigation for aiding and abetting a crime and misuse of public funds in connection with the release and repatriation of senior Libyan police officer Osama Elmasry Njeem.

Njeem was arrested in Turin on Jan. 19 on a warrant from the International Criminal Court (ICC), but freed two days later, officially because of a procedural fault with his arrest, and flown back to Libya on a government plane.

Meloni, renewing her criticism of the judiciary, said the affair was tarnishing Italy's international image, pointing out that news of her being put under investigation had made it to the front page of the Financial Times.

She said that could put off investors such as the Norwegian wealth fund Norges, which she said had recently increased its holdings of Italian sovereign bonds to more than 8 billion euros ($8.33 billion).

"After reading this news, do you think that this Norwegian investment fund that has just bought 8 billion euros of Italian government bonds will be more likely to buy 9 (billion), 7 (billion), or maybe zero," she said.

The investigation into Meloni, which also concerns three other government members, is unlikely to go to trial. Even if judges request it, it would need to be authorized by parliament, where the government has a solid majority.

Amid the controversy, and a stagnating economy, Meloni and her conservative allies remain popular. Support for her Brothers of Italy party is at an almost two-year high at more than 30%, an average of opinion polls showed on Thursday.

($1 = 0.9605 euros)

(Reporting by Alvise Armellini, Additional reporting by Angelo Amante; Editing by Crispian Balmer)

Key Takeaways

  • Italy's PM Meloni under investigation for aiding a Libyan suspect.
  • Meloni warns the probe could deter foreign investment in Italy.
  • The investigation is unlikely to reach trial without parliamentary approval.
  • Meloni's party remains popular despite the controversy.
  • Norwegian wealth fund recently increased Italian bond holdings.

Frequently Asked Questions

What is the investigation against Meloni about?
Italy's Prime Minister Giorgia Meloni is under investigation for aiding and abetting a crime and misuse of public funds related to the release of a Libyan war crimes suspect.
How does Meloni believe the investigation affects Italy?
Meloni stated that the investigation damages Italy's international image and could deter foreign investors, particularly highlighting concerns from the Norwegian wealth fund.
What recent action did the Norwegian wealth fund take regarding Italian bonds?
The Norwegian wealth fund Norges recently increased its holdings of Italian sovereign bonds to more than 8 billion euros.
What is the political climate surrounding Meloni's investigation?
Despite the controversy and a stagnating economy, Meloni and her conservative allies remain popular, with support for her Brothers of Italy party at over 30%.
Will the investigation against Meloni likely go to trial?
The investigation into Meloni is unlikely to go to trial, as any judicial request would need authorization from parliament, where her government holds a majority.

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