Sunday, March 4, 2012

German prosecutors launch 80 raids in insider probe

MUNICH, March 1 (Reuters) - Police in several European countries have raided more than 80 properties in a probe by German prosecutors into stock market manipulation, the Munich prosecutors office said on Thursday.

The office's spokesman said the raids on Wednesday were into suspected cases of market manipulation, insider trading and fraud.

Fifty-three sites in Germany were searched, 29 in other European countries and four outside Europe.
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