Italian indicts 300 Chinese nationals and the Bank of China for corruption

EPA/CLAUDIO GIOVANNINI

Firemen carry the body of a victim of a fire broke out in a textile factory in Prato, Italy, 01 December 2013.

Italian authorities launch an investigation named “River of Money” regarding controversial Chinese business activities in Italy


Italian prosecutors are seeking the indictment of 300 Chinese nationals including officials from the Bank of China's Milan branch as they are accused for money laundering of dirty money.

According to BBC, prosecutors in Florence allege €4.5 billion was transferred from Italy to China between 2007 and 2010. The money were earned through prostitution, counterfeiting, tax evasion and labour exploitation.

The British public broadcaster reported that the Italian news agency Ansa reported that f...


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