Arab Today, arab today court seizes 245 mln euros from italy\s biggest bank for alleged tax fraud
Last Updated : GMT 03:25:41
Arab Today, arab today
Arab Today, arab today

Court seizes 245 mln euros from Italy\'s biggest bank for alleged tax fraud

Arab Today, arab today

Arab Today, arab today Court seizes 245 mln euros from Italy\'s biggest bank for alleged tax fraud

Milan - Xinhua

A Milan court seized 245 million euros (about 340 million U.S. dollars) from Italian bank Unicredit in a tax fraud probe, local newspaper Corriere della Sera reported on Tuesday. Unicredit, Italy\'s biggest bank, is alleged to have committed tax evasion by using a complex financial product set up by British lender Barclays, and drastically reduced its taxable revenues in Italy between 2007 and 2008. Former Unicredit CEO Alessandro Profumo and another 16 officials are currently under investigation for having authorized and allowed the allegedly illegal operation, according to the Milan-based newspaper. On Tuesday, Standard and Poor\'s Ratings Service cut its credit ratings on other three key Italian banks - Banca Monte dei Paschi di Siena, Banco Popolare and UBI Banca. The move was part of a broader downgrade of a group of 24 Italian financial institutions, which reflected the recent lowering of the country\'s sovereign rating on the basis of weaker economic growth prospects. \"In our opinion, renewed market tensions in the euro zone\'s periphery, particularly in Italy, and dimming growth prospects have led to further deterioration in the operating environment for Italian banks,\" said the ratings agency. 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today court seizes 245 mln euros from italy\s biggest bank for alleged tax fraud Arab Today, arab today court seizes 245 mln euros from italy\s biggest bank for alleged tax fraud

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today court seizes 245 mln euros from italy\s biggest bank for alleged tax fraud Arab Today, arab today court seizes 245 mln euros from italy\s biggest bank for alleged tax fraud

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday