Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
French police search three banks in probe
+ -
08:36, May 20, 2009

 Related News
 French lawmakers pass disputed bill to protect online copyright
 French Navy hands over 11 more suspected pirates to Kenya
 French delegation visits Asia to promote port services
 Rescued French hostages return home
 French snub Italy's Euro 2016 olive branch
 Comment  Tell A Friend
 Print Format  Save Article
Police on Tuesday morning searched the headquarters of French bank Natixis and its two parent companies, as part of an investigation into allegations it misled its shareholders, local media reported.

The police also searched the offices of Banque Populaire and Caisse d'Epargne, which jointly own Natixis, following a complaint filed in February accusing Natixis of releasing misleading information.

A group representing about 90 shareholders filed the complaint against Natixis for "dissemination of misleading information, presentation of inaccurate accounts, distribution of fictitious dividends and presentation of a false balance."

None of the three banks has commented on the case so far, according to the media.

Natixis shares sold for 19.55 euros when it was first listed in2006, but were trading at 1.42 euros at the close of the trade on Monday.

The bank specializes in investment and asset management activities.


  Your Message:   Most Commented:
Tamil protesters block major freeway in downtown Toronto
Jackie Chan's 'freedom' talk sparks debate
Congress wins election in India
Official fined for underage sex
Bias or information gap

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved