Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
One World, One Crime, One Injury: Double Jeopardy In Corporate Crime Cases
In June, Societe Generale, a global financial services institution based in Paris, France, and its wholly owned subsidiary, SGA Societe Generale Acceptance, entered into an agreement to pay a combined total penalty of more than $860 million to resolve charges with criminal authorities in the United States and France, including $585 million relating to a multi-year scheme to pay bribes to officials in Libya and $275 million for violations arising from its manipulation of the London InterBank Offered Rate (LIBOR), one of the world's leading benchmark interest rates.
"It is not fair that a company that pays millions of dollars in the United States will be convicted a second time for the same facts [?] in France or in Switzerland or in Africa or in whatever jurisdiction."

Diversity is the key to economic and political evolution.
by Cat on Tue Aug 21st, 2018 at 01:40:20 AM EST
[ Parent ]

Others have rated this comment as follows:


Top Diaries

LQD - Long Term Covid: The Brain

by ATinNM - Jul 13

Say No to Racism

by Oui - Jul 12

England surrenders to Covid

by IdiotSavant - Jul 9

UK Menaces Ireland

by Frank Schnittger - Jul 7

Occasional Series