Martedì, 18 Settembre 2018

Prosecutors open probe on derivatives


Rome, June 26 - Prosecutors in Rome on Wednesday
opened an investigation into press reports claiming Italy risked
losing billions of euros on derivative contracts restructured
last year.
Nobody is currently under investigation and the inquiry is
reportedly aimed at looking into the allegations and their
impact on financial markets and the spread.
The Financial Times on Wednesday ran an article claiming
that the losses could come from the restructuring of eight
derivatives contracts with foreign banks worth an overall 31.7
billion euros that was documented in a Treasury report to the
State Audit Court. Economy Minister Fabrizio Saccomanni said
Wednesday the report was the result of a ''misunderstanding''
and ''there is no loss''.
The inquiry opened Wednesday will be carried out by tax
police in cooperation with the State Audit Court.

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