Miles Johnson
Miles Johnson
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Italian mafia bonds sold to global investors

Italian mafia bonds sold to global investors

Print articleJul 8, 2020 – 2.52pmLog in or  to save articleRome | International investors bought bonds backed by the crime proceeds of Italy’s most powerful mafia, according to financial and legal documents seen by the Financial Times.In one case, the bonds – backed in part by front companies charged with working for the mafia group – were purchased by one of Europe’s largest private banks, Banca Generali, in a transaction where consulting services were provided by accountancy group EY.About €1 billion ($1.6 billion) of these private bonds were sold to international investors...

July 8, 2020
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