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lukematt

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lukematt

Re: None

Saturday, 09/06/2008 11:35:12 PM

Saturday, September 06, 2008 11:35:12 PM

Post# of 10366
Nomura Considers Stake in Lehman Brothers


In June 2000, the Czech government seized control of Investicni a Postovni Banka (IPB) in the largest corruption scandal ever to hit the Czech Republic. Roughly 180 billion Czech crowns (that's almost $10.3 billion at today's exchange rate) was embezzled from the bank by its largest shareholder.

Who was the bank's largest shareholder? Nomura, the huge Japanese financial services group.

(Rumors have circulated around the Czech Republic that Nomura is controlled by organized crime.)
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