SocGen probed over possible anti-graft law breach
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Paris
SOCIETE Generale (SocGen) said the French financial prosecutor had opened a preliminary investigation into possible violations by the bank of French anti-corruption laws, and had requested documents on its ties with the Libyan Investment Authority (LIA).
Earlier this year SocGen agreed to pay nearly one billion euros (S$1.6 billion) to settle a long-running dispute with the LIA, avoiding a costly and potentially embarrassing court case.
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