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2 Japanese Carrying $134 Billion In U.S. Bonds Detained In Italy

Don't think i'd get out of bed for that much cash! :rofl:

 

June 11, 2009 by national

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This story has not been confirmed by U.S. officials.

 

According to Japan Today, two Japanese nationals were detained by Italian financial police last week after trying to enter Switzerland with $134 billion worth of undeclared U.S. bonds, mostly Treasury bonds, an Italian daily said Wednesday. The Japanese consulate general in Milan confirmed that the detention had taken place and said it was trying to confirm with Italian authorities whether the two were indeed Japanese nationals and their identities.

 

According to the report in il Giornale, two unidentified Japanese in their 50s concealed the bonds, including 249 U.S. Treasury bonds each worth $500 million, in a suitcase with a false bottom that was searched by the Italian authorities June 3 when they were in Chiasso, at the border with Switzerland, about 50 kilometers north of Milan. The daily did not say on what charges they have been detained, but the two may have been detained on suspicion of attempting to take a large amount of securities out of Italy without declaring it because the paper said they had not declared the bonds.

 

The treasure was in the hands of two Japanese from Italy were trying to enter Switzerland. In a suitcase were 249 bonds of the ‘Federal Reserve‘ American in the nominal value of 500 million each, and 10 ‘ bond Kennedy ‘ of the nominal value of $ 1 billion each, in addition to whta is described as very original banking documentation.

 

Everything has been reported to have been seized and authorities are investigating the 2 as well as the authenticity of the bonds.

 

Source - Japan Today

 

Guardia di Finanza - (Italian)

Featured Replies

What you have there is 2 desperate Z owners, who have found themselves a few billion short of finally getting it sorted.:D

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