Italy seizes 1.8b euros from Japan's Nomura in fraud probe

ROME (AFP) - Italian police on Tuesday seized 1.8 billion euros (S$2.9 billion) destined for Nomura and placed the Japanese bank's former CEO Sadeq Sayeed under investigation in a fraud probe over a derivatives deal with troubled Italian lender Monte dei Paschi.

A statement from the prosecutor's office said it had ordered the seizure of "a total of around 1.8 billion euros from Nomura International" as well as 14.4 million euros from three former managers of Banca Monte dei Paschi di Siena.

When contacted by AFP, Nomura declined to comment.