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Deutsche, Paschi, Nomura staff charged over false accounts, market manipulation

Section: Daily Dispatches

By Sonia Sirletti and Sergio Di Pasquale
Bloomberg News
Saturday, October 1, 2016

Six current and former managers of Deutsche Bank AG -- including Michele Faissola, Michele Foresti, and Ivor Dunbar -- along with two former executives at Nomura Holdings Inc. and five at Banca Monte dei Paschi di Siena were charged in Milan for colluding to falsify the accounts of Italy's third-biggest bank and manipulate the market.

A judge approved a request by Milan prosecutors to try the bankers on charges involving two separate derivative transactions arranged with Nomura and Deutsche Bank, said a lawyer involved in the case who was in the courtroom today as the decision was announced. The international firms are also named as defendants in the indictment, as the Italian law provides for a direct liability of legal entities for certain crimes committed by their representatives. A trial is scheduled for Dec. 15. ...

... For the remainder of the report:

http://www.bloomberg.com/news/articles/2016-10-01/deutsche-bank-paschi-n...



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Sandspring Resources Commences 2016 Exploration Campaign

Company Announcement
August 17, 2016

Sandspring Resources Ltd. (TSX VENTURE:SSP, US OTC: SSPXF) is pleased to announce commencement of the 2016 exploration campaign at its Toroparu Gold Project in Guyana, South America.

In 2015 the company completed a 3,700-meter diamond drilling program on the promising Sona Hill Prospect, located 5 kilometers southeast of the main Toroparu deposit. Sona Hill is the easternmost gold anomaly in a cluster of 10 gold features located within a 20-by-7-kilometer hydrothermal alteration halo around Toroparu. Drilling at Sona Hill in 2012 and in 2015 intercepted high-grade mineralization in both saprolite and bedrock, and confirmed the continuity and grade potential of the Sona Hill mineralization.

For the remainder of the announcement and highlights of the 2015 drill program:

https://finance.yahoo.com/news/sandspring-resources-commences-2016-explo...



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