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Justice: America lifts all sanctions against Société Générale

06/12/2021
Categories: Companies

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The American justice has decided to definitively abandon the legal proceedings against Société Générale. This decision comes three years after the signing of settlement agreements which had cost it 2.6 billion dollars.

Société Générale announces this Friday the definitive abandonment of the legal proceedings initiated by the American Department of Justice for violation of embargoes, Libor, suspicions of corruption with the Libyan sovereign fund… Thus the United States has definitively closed the various legal files concerning the French bank, which had cost it some 2.6 billion dollars three years ago. No further prosecution can be carried out in the context of the case of violations of embargoes and money laundering, nor in that of the case of suspicions of corruption with the Libyan sovereign fund and the manipulation of interbank rates.

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