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UPDATE 1-Goldman case warrants full French probe -Lagarde
April 21, 2010 / 12:18 PM / 7 years ago

UPDATE 1-Goldman case warrants full French probe -Lagarde

* No evidence of French counterparty in Goldman fraud probe

* Goldman worthy of in-depth AMF probe - Lagarde

(Adds further comments from Lagarde, background)

PARIS, April 21 (Reuters) - Accusations that Goldman Sachs (GS.N) acted fraudulently warrant a full probe by French regulators, Economy Minister Christine Lagarde said on Wednesday.

Regulator AMF (Autorite des Marches Financiers) said it aimed to publish an update on its Goldman probe next week.

“AMF head Jean-Pierre Jouyet has told me that at first glance, there is no French counterparty,” Lagarde told a news briefing.

“It warrants an in-depth investigation,” she added.

The U.S. Securities and Exchange Commission (SEC) is investigating Goldman Sachs. The bank is accused of fraud in the structure and marketing of a debt product tied to subprime mortgages. Goldman has denied the charges. [ID:nN20251740]

Britain has already launched a probe into the Goldman Sachs case [ID:nLDE63J0TP] and the AMF said earlier this week that it also planned to co-operate with the SEC over the Goldman case if necessary. [ID:nWEB0477] (Reporting by Sudip Kar-Gupta; Editing by Sophie Hardach and Elaine Hardcastle)

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