SWITZERLAND - The pension fund for employees of the City of Lugano (CPCL) has sacked Giuliano 'Nano' Bignasca as president of its executive board.

A spokesman for council confirmed to IPE Bignasca had lost his mandate, though the council could not be reached for further comment.

Swiss media reports today reveal Bignasca, also the president of the political party Lega dei Ticinesi, had already been warned last year by the fund, following what are described as 'indiscretions' in the party's free publication il Mattino della domenica.

The publication at the time displayed confidential bank documents and the council has now subsequently decided to dismiss Bignasca.

Together with Lega's vice president Flavio Maspoli, Bignasca launched his party in 1990 as a protest movement against the political and economic establishment in the Swiss canton of Ticino, or Tessin in German and French.

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