News
Exclusive: Bank of Italy conducting supervisory inspection at Bank of China offices
April 11, 2016 by admin · Leave a Comment
By Lisa Jucca HONG KONG (Reuters) – The Bank of Italy is carrying out an on-site inspection at the Italian offices of Bank of China Ltd , a Chinese state-owned bank already facing accusations of aiding illicit money flows from Italy to China, a source familiar with the situation said. Italian prosecutors are seeking to bring 297 people, mostly Chinese, as well as the Milan branch of Bank of China to trial on charges of allegedly smuggling more than 4.5 billion euros ($5.12 …
Read more from the original source:
Exclusive: Bank of Italy conducting supervisory inspection at Bank of China offices