Nomura's U.K. Unit Faces 90-M.-Euro Penalties for Fraud

Nomura's U.K. Unit Faces 90-M.-Euro Penalties for Fraud

   Tokyo, Nov. 9 (Jiji Press)--A British subsidiary of Nomura Holdings Inc. <8604> has faced financial penalties worth a total of over 90 million euros imposed by a Milan court for former workers' involvement in a case of falsifying the accounts of a major Italian bank, the Japanese financial giant said Saturday.
   The Milan criminal court has given the subsidiary, Nomura International PLC, a ruling imposing a fine of 3.45 million euros and ordering confiscation of assets worth 88 million euros.

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