Don't miss

Replay


LATEST SHOWS

IN THE PRESS

Handshakes and private toilets: How Koreas' summit is planned to (media) perfection

Read more

IN THE PRESS

'Welcome to your new life (in prison)' Danish paper says to convicted killer Peter Madsen

Read more

EYE ON AFRICA

South African unions strike over proposed minimum wage

Read more

PERSPECTIVE

Access to books: ‘Libraries are at the very heart of what makes people free’

Read more

BUSINESS DAILY

Facebook adds users, boosts revenue despite data scandal

Read more

THE DEBATE

Macron on Capitol Hill: Speech before Congress emphasises 'democratic values'

Read more

THE DEBATE

Macron in Washington: Can he change Trump's foreign policy?

Read more

FOCUS

Catalonia's pro-independence movement tempted by radicalisation

Read more

ENCORE!

Film show: 'May ’68', Director’s Fortnight reloaded, 'A Paris Education'

Read more

Asia-pacific

'Billions in bonds' seized on Swiss border

Text by NEWS WIRES

Latest update : 2009-06-13

Italian police say they have stopped two Japanese men at the Swiss border with undeclared US bonds allegedly amounting to nearly 100 billion euros. Police are currently verifying if the bonds are genuine.

AFP - Italian financial police said Friday they were holding two Japanese men stopped on the Swiss border with US bonds allegedly worth 134 billion dollars, or nearly 100 billion euros.

The two middle-aged men were trying to enter Switzerland from Italy by train when they were checked by customs at Chiasso after saying they had nothing to declare.

The financial police at Como said 249 US Federal Reserve bonds with a face value of 500 million dollars each were found in a false-bottomed suitcase along with 10 so-called Kennedy bonds worth one billion dollars apiece.

"We are trying to verify if these bonds are genuine," a police spokesman said.

If they are authentic, the Japanese face a fine of up to 38 billion euros for smuggling, the police said.
 

Date created : 2009-06-13

COMMENT(S)