Italian police seized documents from a Citigroup unit today as prosecutors checked if anyone at the US bank helped Parmalat dupe investors who poured billions of euros into the now insolvent food group.
A source close to Citigroup told Reuters that tax police took the documents from the Milan offices of Eureka, a unit of the biggest US financial services firm.
The move by Italian police came as authorities stepped up an investigation into what role employees of Italian and foreign banks might have played in the fraud scandal which has led to the fall of the Italian Food giant.
Ten people have been arrested and at least 25 are under investigation in what US regulators have called one of the world's biggest financial scandals.Citigroup is one of several banks, along with two big auditors and Swedish packaging firm Tetra Pak, that have been caught up in the investigation.
