Exclusive: Banks face new challenges in Italian diamond scandal

FILE PHOTO: A high-quality diamond is seen in a jewellery shop in Milan, October 19, 2016. REUTERS/Stefano Rellandini

MILAN (Reuters) – A long-running criminal probe into diamond sales by Italian banks has uncovered what prosecutors say is further evidence of corruption by officials at UniCredit, Italy‚Äôs largest lender, and smaller rival Banco BPM. The allegations, some previously unreported, are laid out in documents used by prosecutors when they sought a magistrate’s order seizing […]

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