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Venezuela Central Bank Denies Mafia Involvement
May 23, 2009
May 23, 2009
Prosecutors in Italy said that corrupt bank officials had authenticated fake bonds that were to be used to open credit lines with banks.
Venezuela's central bank on Friday denied Italian prosecutors' accusations that its staff had participated in an attempted $1 billion bond scam run by the Sicilian Mafia.
Prosecutors in Italy said on Friday that corrupt central bank officials had authenticated fake bonds that were to be used to open credit lines with banks, including HSBC Holdings.
"This institution alerts the national and international financial community that none of its officials have authorized or certified any documentation related to the previously signaled information," the central bank said in a statement.
Twenty people have been arrested in connection with the alleged scam in Italy, Spain, Brazil and Venezuela, prosecutors said.
Prosecutors in Italy said on Friday that corrupt central bank officials had authenticated fake bonds that were to be used to open credit lines with banks, including HSBC Holdings.
"This institution alerts the national and international financial community that none of its officials have authorized or certified any documentation related to the previously signaled information," the central bank said in a statement.
Twenty people have been arrested in connection with the alleged scam in Italy, Spain, Brazil and Venezuela, prosecutors said.