police probe fraud scandal targeting italian mps bank
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
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*

police probe fraud scandal targeting italian mps bank police probe fraud scandal targeting italian mps bank

 



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*

police probe fraud scandal targeting italian mps bank police probe fraud scandal targeting italian mps bank

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday