The head of the Luxembourg unit of Italian bank Intesa Sanpaolo, Marco Bus, is under investigation for alleged money laundering activities.
According to press reports, prosecutors in Northern Italy have put the chief executive of Société Européenne de Banque, Intesa’s Luxembourg unit, under investigation for having advised members of the Giacomini family of entrepreneurs on the creation of a trust to hide money.
Also under investigation is Alessandro Jelmoni, an Italian broker and former Intesa employee. Jelmoni is currently under house arrest and has rejected the allegations.
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