By Emilio Parodi and Valentina Za
Italy’s tax police have searched the headquarters of Oaktree-owned Banca Progetto, which was placed under court administration in a separate case last month, as part of an investigation into alleged fraud involving public funds.
In this latest case, a court in the northern city of Brescia ordered three arrests and the seizure of around 6.7 million euros ($7.3 million) in connection with alleged fraud of public funds, bankruptcy, money-laundering and false corporate communications, the tax police said in a statement.
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