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Italy tax police seizes 104 mln euros from Nomura
July 28, 2014 / 9:11 AM / 3 years ago

Italy tax police seizes 104 mln euros from Nomura

MILAN, July 28 (Reuters) - Italy’s tax police has seized 104 million euros ($140 million) from international bank Nomura for alleged fraud against the Sicily region in relation to past securitisation and debt restructuring deals, police said in a statement on Monday.

Nomura said in a separate statement it was aware of the action taken by prosecutors in Sicily, which it said related to trades entered into by Nomura and the Region of Sicily between 2000 and 2006.

“We are reviewing the situation fully and will cooperate with the prosecutor in this matter,” the bank said in the statement. ($1 = 0.7444 Euros) (Reporting by Valentina Za; editing by Agnieszka Flak)

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