Italian soccer federation vice president Demetrio Albertini told reporters on Monday that the defender will not travel to the Euro 2012 finals in Poland and Ukraine.
Criscito had his room searched by Police at Italy’s Coverciano training camp on Monday.
The police told Criscito that he was under investigation in a wide-raning fix probe.
Juventus coach Antonio Conte, Lazio captain Stefano Mauri and former Genoa midfielder Omar Milanetto are also under police investigation.
“In this part of the investigation, indications have emerged of manipulation in matches from the 2010-11 Serie A championship, including games between Lazio and Genoa and Lecce and Lazio,” Raffale Grassi, director of SCO, the police service responsible for the investigation told SkyTG24 television.