Rome, May 24 - Former senator Luigi Lusi, who has been indicted for allegedly embezzling 22 million euros of funds from the coffers of the now-defunct centre-left Margherita party, will be released on bail, a Rome court said on Friday. Lusi, formerly of the center-left Democratic Party (PD), was taken into custody earlier this year on suspected embezzlement of Margherita funds when he was still its treasurer before the party merged with the reformed rump of Italy's old Communist party in 2007 to form the PD. On Saturday, Lusi will definitively leave the convent in Abruzzo where he has been under house arrest since September 2012. Lusi is also accused of having slandered the president of the Margherita party, Francesco Rutelli. His accountants, Mario Montecchia and Giovanni Sebastio, and assistant Diana Ferri will stand trial for possible criminal association. Lusi's wife Giovanna Petricone plea bargained a one-year suspended sentence, prosecutors said.