FRANCE: Court finds ‘rogue trader’ Kerviel guilty in fraud trial
A criminal court in Paris has sentenced former Société Générale trader Jérôme Kerviel to five years in jail, including two suspended, and to pay 4.9 billion euros in damages for illicit trading that caused huge losses at the French bank. Read More
FRANCE: L’Oreal fraud trial adjourned amid growing tax scandal
A French court has indefinitely adjourned the trial of photographer Francois-Marie Banier (photo), the man accused of defrauding L’Oreal heiress Liliane Bettencourt, saying it needed time to examine new evidence linking Bettencourt to a tax scandal. Read More