We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

SocGen To Pay $1.3B Over FCPA, Libor-Rigging Charges

Law360 (June 4, 2018, 5:45 PM EDT) -- Société Générale SA has agreed to pay over $1.3 billion to U.S. and French authorities to resolve allegations it engaged in a multiyear bribery campaign in Libya and schemed to manipulate key benchmark interest rates, prosecutors said Monday.

Prosecutors announced Monday that Societe Generale is due to pay $585 million over charges of bribery in Libya, and $750 million over charges of benchmark interest rate manipulation. (AP)

A subsidiary of the French bank, SGA Société Générale Acceptance NV, is due to plead guilty Tuesday to conspiring to violate...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.