French bank BPCE's chief cleared in conflict of interest case


  • World
  • Thursday, 24 Sep 2015

BPCE group Chairman Francois Perol attends the company's 2014 annual results presentation in Paris February 19, 2015. REUTERS/Christian Hartmann

PARIS (Reuters) - A French court on Thursday cleared BPCE bank Chairman Francois Perol of wrongdoing in a conflict of interest case over his previous role as a presidential adviser on banking.

The court acquitted him of a charge of illegal conflict of interest. Prosecutors had alleged there was such a conflict between his 2009 appointment as head of France's second-biggest retail bank, and his position advising Nicolas Sarkozy, who was president at the time.

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