Beleaguered Bank Pushes To Hold Chatty PIs Liable In UK Suit
Law360, London (April 9, 2019, 11:42 PM BST) -- An embattled Tanzanian bank's owners on trial over the pair's disclosures argued Tuesday during closing statements that any public interest in disclosing evidence about its alleged money laundering doesn't outweigh their right to confidentiality from two private investigators they hired.
Lawyer David Allen of 7KBW, an attorney for FBME Bank founders Ayoub-Farid Michel Saab and Fadi Michel Saab, told the High Court that the private investigators hired to do an internal investigation into U.S. money-laundering allegations breached their contractual duty of confidentiality by disclosing information they uncovered to the U.S. Treasury and other third parties.
"A client should be able to...
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