REUTERS - Reuters

UniCredit Faces Restart of Legal Proceedings in Diamond Sales Case "UniCredit Faces Restart of Legal Proceedings in Diamond Sales Case UniCredit faces the restart of criminal proceedings in Trieste over alleged fraudulent investment-diamond sales, a case in which the bank has already disbursed or provisioned about €74 million to reimburse affected clients and previously paid a €4 million fine to Italy’s competition authority (AGCM). The renewed proceedings mainly expose UniCredit to reputational and procedural risks, as the alleged offences may soon expire under Italy’s statute of limitations."