Paschi Prosecutors File Appeal to Seize Nomura Assets in Probe
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Siena prosecutors are seeking to overturn a judge’s ruling that rejected their request to seize assets held by Nomura Holdings Inc. as part of an inquiry into Banca Monte dei Paschi di Siena SpA’s use of derivatives to hide losses.
Magistrates filed an appeal in Siena today, according to Giuseppe Grosso, a prosecutor involved in the case. They are seeking authorization from the appeals court to seize as much as 1.95 billion euros ($2.6 billion) of Nomura assets, as well as funds belonging to former managers of the Italian lender.