Italy freezes BNP Paribas assets in derivatives case

Italian tax police have confiscated 17 million euros ($24 million) from French bank BNP Paribas. The seizure is part of an inquiry into derivatives that a BNP Paribas-owned bank sold to local governments in Sicily, Messina and Taormina.

The investigation has been ongoing since 2009.

Italy police seize 17 mln euros in derivatives case

BNP Paribas Assets Seized in Italy Derivatives Probe

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