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Thursday, May 16, 2013

SocGen's Russia unit CEO faces seven years on bribery allegations

The head of Societe Generale's (SOGN.PA: Quote) Russian unit Rosbank faced up to seven years in jail for bribery on Thursday after Russian investigators released a film of him with cash piled on his desk in what several bankers said may have been a set-up. More on Reuters. Societe Generale is a Global Compact participant since 2003/06/09. Societe Generale (SOGN.PA), (GLE:FP), (SCGLY) was a USD 5,000 – USD 20,000 contributor to the Foundation of the Global Compact in 2008.

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