Barclays' Paris Chief Quizzed in Money Laundering Inquiry
Katherine Griffiths and John Lichfield, The Independent (London, England)
BARCLAYS IS being investigated by the French authorities over allegations that senior executives failed to spot a long- established money laundering network spanning France and Israel.
Barclays' managing director in France, Henri-Paul Pelligrino, is understood to have been placed under formal investigation with two other senior officials of the bank.
The Barclays employees were questioned last Friday after they failed to report very large withdrawals of allegedly illegitimate cash being made through the bank's branches.
The withdrawals are understood to be part of a suspected money laundering ring operating through a string of small Jewish …
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Publication information:
Article title: Barclays' Paris Chief Quizzed in Money Laundering Inquiry.
Contributors: Katherine Griffiths and John Lichfield - Author.
Newspaper title: The Independent (London, England).
Publication date: November 2, 2001.
Page number: 15.
© 2009 The Independent - London.
Provided by ProQuest LLC. All Rights Reserved.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
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