Three million euros seized from Enigma securities in Milan
Tax evasion suspect denies role in MPS furor
08 February, 16:39
(ANSA) - Rome, February 8 - Italian financial police seized
on Friday more than three million euros from the Milan-based
financial services company Enigma Securities for suspected tax
evasion.Enigma vigorously denied reports in the Italian press that its dealings with troubled lender Banca Monte dei Paschi di Siena (MPS) had any relation to derivatives trades at the heart of a series of probes, which have sparked scandal and headlines in recent weeks.
Enigma said its operations for MPS consisted of ''a small amount of fixed-income trades'' which were ''all conducted in accordance with standard market practices''.
The Bank of Italy flagged to justice authorities suspicious financial operations executed by Enigma Securities in recent months, which triggered an investigation into the company's fiscal compliance.
The Guardia di Finanzia financial police seized a sum believed to be equivalent to the alleged tax evasion.
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