Italy police seize funds meant for Nomura
Source: AFP |
April 17, 2013, Wednesday
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Print Edition
Print Edition
ITALIAN police yesterday seized 1.8 billion euros (US$2.3 billion) meant for Nomura and placed the Japanese bank's former CEO Sadeq Sayeed under investigation in a fraud probe over a derivatives deal with Italian lender Monte dei Paschi.
A statement from the prosecutor's office in Siena, the hometown of the Italian bank, said it had ordered the seizure of "a total of around 1.8 billion euros from Nomura International."
Prosecutors also seized 14.4 million euros from three former managers of the Italian bank who are under investigation. Another senior Nomura executive, Raffaele Ricci, is also being investigated.
The statement said Sayeed and Ricci were suspected of "gravely obstructing" the activities of supervisory authorities.
A statement from the prosecutor's office in Siena, the hometown of the Italian bank, said it had ordered the seizure of "a total of around 1.8 billion euros from Nomura International."
Prosecutors also seized 14.4 million euros from three former managers of the Italian bank who are under investigation. Another senior Nomura executive, Raffaele Ricci, is also being investigated.
The statement said Sayeed and Ricci were suspected of "gravely obstructing" the activities of supervisory authorities.
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