Ex-SocGen Exec In Libor-Rigging Row Disputes Fugitive Label
Law360 (December 17, 2018, 11:08 PM EST) -- Attorneys for a former Société Générale SA executive accused of falsifying the Paris bank's submissions to the London Interbank Offered Rate argued Monday that living in France doesn't make their client a fugitive and urged a New York judge to consider the case's constitutionality.
Muriel Bescond, a former head of SocGen's Paris treasury desk, was charged last year alongside ex-colleague Danielle Sindzingre, SocGen's global head of treasury. Prosecutors say the pair reported the bank's lending rates as lower than they actually were between May 2010 and October 2011 to "avoid anticipated reputational harm" for SocGen.
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