The trial is to take place next year.
Published:
26 December 2000 y., Tuesday
France orders U.S. financier George Soros and three other men to stand trial for insider trading linked to a failed takeover bid for the French bank Societe Generale.
The investigation concluded that the four earned several tens of millions of francs in 1988 speculating on Societe Generale stocks before the takeover bid became public knowledge. The trial is to take place next year. Seven other people were also probed but no charges were brought against them.
Apart from Hungarian-born fund manager Soros, the magistrate brought charges against former Finance Ministry senior official Jean-Charles Naouri, banker Jean-Pierre Peyraud and Lebanese businessman Samir Traboulsi. The judicial inquiry was launched in May 1990 at the request of the COB bourse watchdog committee. Over the years the case was handed from one investigating magistrate to another because of the time it took to obtain information from other countries involved.
Šaltinis:
centraleurope.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Statistics Lithuania has calculated that, based on provisional data, FDI in Lithuania in 2009 amounted by 5.3 % more than in 2008. Also, direct investment of Lithuanian enterprises abroad grew by 13.9 % in 2009.
more »
Concerns about foreign fish being sold in Europe and what to do about the future of Europe's fisheries industry were aired in a hearing held by the Fisheries Committee on 8 April.
more »
EU opens public debate on its agricultural policy, the prelude to a major reform in 2013.
more »
The European Commission today launched a €35 million call for eco-innovation projects to be funded under the Competitiveness and Innovation Programme.
more »
Bank SNORAS group company Finasta Holding recruits all funds management and investment companies of the group in the Baltic States.
more »
The European Central Bank (ECB) and the European Commission are jointly holding a high-level conference on financial integration and stability at the ECB’s premises in Frankfurt am Main.
more »
Today, the European Central Bank (ECB) is publishing its fourth Report on Financial Integration in Europe, which notes the return towards integration in the European financial markets.
more »
World Bank Group financial commitments since July 2008, just before the full fury of the financial crisis hit, reached US$ 100 billion today as the institution helped countries respond to and recover from the global downturn.
more »
On March 31, 2010, the Executive Board of the International Monetary Fund concluded the Article IV consultation with Serbia.
more »
The International Monetary Fund and the United Kingdom’s Department for International Development have launched a new project to improve macroeconomic statistics in 23 African countries. DFID will provide US$7.5 million over the next five years to support the project.
more »