Edo
02-03-2008, 08:43 PM
Four banks, including Societe Generale, and 138 people, including the bank's chairman Daniel Bouton, are on trial over the multi-million dollar scam that allegedly began in the late 1990s.
Allegations of a money laundering network stretching between France and Israel initially surfaced during an investigation into a separate fraud involving companies in the Sentier garment-making district of Paris.
Among those charged in the France-Israel scam include six rabbis, a former French prosecutor and 57-year-old Bouton, along with other banking managers.
In the case of Societe Generale, investigators cite one example in which the bank received seven million euros (10.4 million dollars) in stolen cheques from the Israel Discount Bank between 1997 to 2001, "knowing these influxes had a criminal origin."
Investigators have gathered 600 tonnes of paperwork and evidence for the trial which is expected to last until July.
Eighty five people have already been found guilty over the case in 2004. Some of those defendants are back on trial facing new charges.
Full article + LINKS:
http://news.yahoo.com/s/afp/20080203/wl_mideast_afp/francebankingcrime
http://www.france24.com/france24Public/en/administration/afp-news.html?id=080203200319.ybt1fo22&cat=business
WTF?
Just recently we had a sex scandal involving the general secretary of the Greek culture ministry, and it seems in it was also involved a famous journalist who seems to have been laundering money also in a French bank, there isn't any evidence yet, but what the hell France?? I thought that stuff happened in Switzerland :notrust
Allegations of a money laundering network stretching between France and Israel initially surfaced during an investigation into a separate fraud involving companies in the Sentier garment-making district of Paris.
Among those charged in the France-Israel scam include six rabbis, a former French prosecutor and 57-year-old Bouton, along with other banking managers.
In the case of Societe Generale, investigators cite one example in which the bank received seven million euros (10.4 million dollars) in stolen cheques from the Israel Discount Bank between 1997 to 2001, "knowing these influxes had a criminal origin."
Investigators have gathered 600 tonnes of paperwork and evidence for the trial which is expected to last until July.
Eighty five people have already been found guilty over the case in 2004. Some of those defendants are back on trial facing new charges.
Full article + LINKS:
http://news.yahoo.com/s/afp/20080203/wl_mideast_afp/francebankingcrime
http://www.france24.com/france24Public/en/administration/afp-news.html?id=080203200319.ybt1fo22&cat=business
WTF?
Just recently we had a sex scandal involving the general secretary of the Greek culture ministry, and it seems in it was also involved a famous journalist who seems to have been laundering money also in a French bank, there isn't any evidence yet, but what the hell France?? I thought that stuff happened in Switzerland :notrust