Italy police seize 15 million euros at Merrill Lynch in fraud probe

Thu Oct 3, 2013 9:39am EDT
 
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ROME (Reuters) - Italy's financial police said on Thursday they had seized 15 million euros from Merrill Lynch (BAC.N: Quote) in Milan as part of a probe into alleged fraud against the city council of Verona.

The seizure was ordered by Verona prosecutors, a police spokesman said.

Merrill Lynch declined to comment.

(Reporting by Antonella Cinelli, editing by Silvia Aloisi)

 
A woman walks past the Merrill Lynch logo outside their offices in the City of London March 6, 2009. REUTERS/Andrew Winning