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
President of the Republic of Lithuania Dalia Grybauskaitė welcomed the decision taken by the U.S. Government to transport shipments for the international mission in Afghanistan by transit via the Klaipėda Seaport.
more »
EU Solidarity Fund aid to repair storm damage in France and Portugal was approved by the Budgets Committee on Thursday.
more »
The European Investment Bank and the Government of Samoa formally agreed to support the rehabilitation and upgrade of independent water schemes in the Pacific island state under a EUR 250,000 technical assistance programme.
more »
Steps to overhaul the European Union's flagship single market were discussed on Tuesday (9 November) by MEPs and interested parties.
more »
Strategy to secure a sustainable EU energy supply and support economic growth over the next decade.
more »
EU funding to help 850 former workers in the aircraft maintenance industry around Dublin find new jobs was approved by the European Parliament on Thursday.
more »
Saffron farmers in western Afghanistan hope to oust opium as a harvest crop.
more »
The European Commission has approved an application from Poland for assistance from the European Globalisation adjustment Fund (EGF).
more »
New plans for EU industry to create jobs while keeping manufacturing in Europe.
more »
The European Commission has approved two applications from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »