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BRIEF-Garanti Bankasi faces fine and damage claim from French court and treasury
September 20, 2017 / 10:19 AM / a month ago

BRIEF-Garanti Bankasi faces fine and damage claim from French court and treasury

Sept 20 (Reuters) - GARANTI BANKASI:

* FACES FINE OF EURO 8 MILLION IN CASE IN FRANCE WITH RESPECT TO ACCOUNT CLOSURE ACTIONS TAKEN BY BANK IN MID-2009 ‍​

* THE BANK, JOINTLY WITH THE OTHER DEFENDANTS, WILL BE SUBJECT TO PAYMENT OF A DAMAGES CLAIM OF THE FRENCH TREASURY UP TO EURO 25 MILLION‍​

* DISAGREES WITH THE JUDGMENT AND CURRENTLY INTENDS TO FILE AN APPEAL

* THE LITIGATION IS RELATING TO TAX CARBON-TRADING FRAUD ALLEGATIONS AGAINST A NUMBER OF INDIVIDUALS PENDING BEFORE THE TRIBUNAL DE GRANDE INSTANCE OF PARIS Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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