2nd Circ. Says Ex-SocGen Exec Is No Fugitive, Can Fight Case

By Stewart Bishop (August 5, 2021, 7:31 PM EDT) -- The Second Circuit on Thursday held that a lower court abused its discretion by deeming a former Societe Generale SA executive accused of Libor-rigging to be a fugitive and barring a challenge to her indictment from abroad, splitting from sister circuit rulings that found a lack of jurisdiction to hear such appeals.

The nearly 4-year-old case accuses French citizen Muriel Bescond — former head of SocGen's Paris treasury desk — along with her former colleague Danielle Sindzingre of lowballing the Paris-based lender's Libor submissions to avoid reputational harm for the bank.

Bescond and Sindzingre, who reside in France, have not appeared...

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