Edition:
United States

Emilio Parodi

ING Italy investigated over alleged money laundering: source

Mar 19 2019

MILAN Prosecutors in Milan have begun a formal investigation into alleged money laundering involving Dutch bank ING Groep NV's Italian business, a source close to the matter said.

Italian police seize assets from four banks in diamonds probe: sources

Feb 19 2019

MILAN Italy's tax police have carried out a seizure order for more than 700 million euros ($794 million) as part of a probe targeting the country's top four banks over alleged fraudulent diamond sales, two sources close to the matter said on Tuesday.

Exclusive: BT executives knew of accounting fraud in Italy unit - prosecutors

Feb 13 2019

MILAN A preliminary criminal investigation into an accounting scandal at the Italian unit of British telecom firm BT has alleged that three top executives of the group were aware of bookkeeping fraud at the unit, according to a document prepared by Italian prosecutors.

EXCLUSIVE-BT executives knew of accounting fraud in Italy unit - prosecutors

Feb 13 2019

MILAN, Feb 13 A preliminary criminal investigation into an accounting scandal at the Italian unit of British telecom firm BT has alleged that three top executives of the group were aware of bookkeeping fraud at the unit, according to a document prepared by Italian prosecutors.

Gucci-owner Kering faces 1.4 billion euro Italian tax claim

Jan 26 2019

PARIS/MILAN Kering is facing an Italian claim for 1.4 billion euros (1.2 billion pounds) in unpaid taxes, the French luxury goods group disclosed on Friday, adding that it contested the preliminary findings.

Eni, Shell knew of 'sharks' in Nigeria graft case: judge

Dec 17 2018

MILAN An Italian judge said on Monday oil majors Eni and Royal Dutch Shell were fully aware their 2011 purchase of a Nigerian oilfield would result in corrupt payments to Nigerian politicians and officials.

Eni did not make thorough checks in Nigeria deal – former board member

Oct 31 2018

MILAN Eni made no thorough background checks on a middleman it hired to broker a $1.3 billion Nigerian acquisition, a former board member of the Italian oil group told a Milan court.

Exclusive: Italian freight forwarders consider lawsuit after bridge collapse

Oct 08 2018

GENOA, Italy Italian freight forwarders who say their business has been affected by a deadly bridge collapse in Genoa are taking legal advice and considering whether to sue toll-road operator Atlantia if the group is found responsible.

Italian prosecutors arrest ex-Deutsche Bank trader in Euribor probe

Sep 21 2018

LONDON/MILAN Britain's Serious Fraud office said on Friday former Deutsche Bank trader Andreas Hauschild was arrested in Italy over alleged manipulation of the Euribor benchmark and Milan prosecutors would need to decide whether to hand him over.

Italian judge jails two in Nigerian oil graft case

Sep 20 2018

MILAN An Italian judge sentenced two defendants in a Nigerian corruption case to jail on Thursday in the first ruling on one of the oil industry's biggest graft scandals.

World News

Trump says time for U.S. to recognize Israeli sovereignty over Golan

U.S. President Donald Trump said on Thursday it was time to back Israeli sovereignty over the Golan Heights that Israel seized from Syria in 1967, marking a dramatic shift in U.S. policy and giving a boost to Israeli Prime Minister Benjamin Netanyahu in the middle of his re-election campaign.