Read the following paragraph and determine if the hypothesis is true:

The Bank of Italy, the ultimate arbiter of Italian banking mergers, has been engulfed by scandal since police wire taps revealed Fazio and his wife advised a local banker in a bid for bank Antonveneta against Dutch bank ABN AMRO.

Choose from:
[i] Yes.
[ii] It's impossible to say.
[iii] No.
Hypothesis: A small local bank in Italy is engulfed by a scandal



[iii]