Arab Today, arab today police probe fraud scandal targeting italian mps bank
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

Police probe fraud scandal targeting Italian MPS bank

Arab Today, arab today

Arab Today, arab today Police probe fraud scandal targeting Italian MPS bank

Rome - AFP

Italy's financial police searched premises in several cities Wednesday as part of a probe into an association accused of defrauding Banca Monte dei Paschi di Siena, media reports said. Searches were carried out in Milan, Monza and Siena, including at the headquarters of Centrosim, a financial intermediary society headed by the central institute of Italian popular banks. Police are looking for documents which may help trace transactions between the world's oldest bank and broker company Enigma, sent through Centrosim. Eleven people were placed under investigation last month, including former managers of Monte dei Paschi, as well as brokers from the London-based company Enigma Securities. They are accused of defrauding Italy's third biggest bank for tens of millions of euros (dollars) as members of the so-called "five percent gang", in reference to the suspected five percent payoffstaken on banking operations. Monti dei Paschi was thrown into crisis last year when it emerged that a shady series of derivative and structured-finance deals produced losses of 720 million euros ($987 million). In November, the troubled Italian lender approved a restructuring plan which it said will create a "profoundly different" bank by 2017.

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 police probe fraud scandal targeting italian mps bank Arab Today, arab today police probe fraud scandal targeting italian mps bank

 



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 police probe fraud scandal targeting italian mps bank Arab Today, arab today police probe fraud scandal targeting italian mps bank

 



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 Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
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