Italian tax police on Tuesday
seized over 700 million euros in a probe into suspected diamond
fraud involving five banks: Banco BPM, UniCredit, Intesa
Sanpaolo, Monte dei Paschi di Siena (MPS) and Banca Aletti.
The probe is into a suspected fraud on the sale of diamonds
to investors and savers, police said.
Milan tax police, from the Guardia di Finanza, carried out
the seizure decree.
ALL RIGHTS RESERVED © Copyright ANSA