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Director suspended during inquiry

Updated: October 3, 2013, 1:04 PM ET
Associated Press

MILAN -- Giro d'Italia director Michele Acquarone has been suspended from his position during an investigation into the alleged misappropriation of at least $17.7 million at RCS Sport, which organizes the race.

Giro officials confirmed the suspension Thursday after it was first reported by financial newspaper Milano Finanza.

Milano Finanza says Acquarone -- who is also the CEO of RCS Sport -- and former CEO Giacomo Catano have each been given "precautionary rather than disciplinary" ...

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