Italians probe Emirati for alleged insider trading in UniCredit:
"Italian prosecutors are investigating a former Emirati sovereign wealth fund official over allegations of insider trading in UniCredit shares in 2010 as the fallout from the Malaysian 1MDB scandal spreads through Abu Dhabi’s overseas investment portfolio.
Prosecutors in Milan placed Khadem al-Qubaisi, the jailed former managing director of Abu Dhabi’s International Petroleum Investment Company (Ipic), under investigation “several months ago,” said a person briefed on the probe.
The Italian prosecutor's office confirmed the probe and said it is “currently working to collect the final elements” for the investigation. A spokesman for the office declined to comment further."
'via Blog this'
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