Press review
24 May 2024

Press review – Week of 20 May 2024

This week, the press review covers the fine imposed on bank company N26, the trial of EDF and its former President for favoritism, the suspicions of embezzlement of UEFA funds on famous figures in football and the upcoming trial of a councilwoman of Marseille for fraud.

 

#Banking and Financial Criminal Law:

Money laundering: new fine for online bank N26

The German banking supervisor, Bafin, has imposed a fine of €9.2 million on N26, the neo-bank created in 2013. The latter is accused of having made in 2022 several late declarations of suspicion of money laundering. N26 states that corrective measures have since been put in place to improve the declarations process. The bank was already under supervision since 2021 when it was fined €4.25 million for defaults in its anti-money laundering system. N26, which has ambitions to be listed on the stock market, is also limited to 50.000 new customers per month to limit the risks associated with its growth. > Read article

 

#White collar crime:

Suspicions of favoritism: EDF and its former CEO Henri Proglio on trial

French public electricity company EDF, its former CEO Henri Proglio and twelve other persons are on trial in Paris for favoritism. The former executive is accused of having concluded privately over 40 consulting contracts between 2010 and 2016, on behalf of EDF, for a total amount of 22 million euros, while the National Financial Prosecutor (Parquet National Financier) considers these contracts, concluded with communicants, lawyers, journalists, former political figures or head of companies, should have been the subject of a call for tender. Henri Proglio says he acted as in his former functions in private companies and that EDF’s legal department did not alert him on the necessity of a call for tender. He faces two years of prison and a fine of 200.000 euros. > Read article

Soccer: Messi, Piqué and Rubiales suspected of attempting to embezzle UEFA funds

A Spanish media declared being in possession of documents demonstrating the involvement of football players Lionel Messi and Gérard Piqué in a potential case of embezzlement. During the covid crisis, the two former FC Barcelona team-mates are said to have shared their concerns about the club’s wage cuts with the president of the Spanish Football Federation. The latter is said to have suggested to the president of UEFA, that he should use the European football organization’s funds to compensate the two players for their financial losses. It is however not indicated if the operation was completed. > Read article

 

#Criminal tax law:

Marseille: an LR municipal councilor tried in September in a fraud case

The former vice-president of the departmental council and municipal councilor Sylvie Carrega and her husband will appear next September before the Marseille Criminal Court on charges of fraud and forgery. The case was initiated by a member of their political party which filed a complaint against them, accusing the couple of asking him to get a 52.000 euros loan in his name, for their own use, but claims he was never reimbursed. > Read article

Related content

Press review
21 June 2024
Press review – Week of 17 June 2024
This week, the press review covers the admissibility of the actions against Total and EDF relating to breaches of the...
Event
19 June 2024
Compliance and forensic investigations: optimising how companies, lawyers and forensic professionals work together
Grant Thornton France invited Stéphane de Navacelle to take part in a panel with Jean-Marie Pivard (Publicis Groupe), Jennifer Fiddian-Green...
2 min
Event
19 June 2024
Discussion on harassment prevention and exposure
Invited by Colas Rail, Stéphane de Navacelle discussed with 100+ group top managers during their Management Committee 2024, on 19 June 2024.
2 min
Press review
14 June 2024
Press review – Week of 10 June 2024
This week, the press review covers three people being charged for fraud in the Hauts-de-Seine, the dismantling of an undeclared...
Event
13 June 2024
Future prospects for International Anti-Corruption Court
A panel held during the 20th Annual IBA Anti-Corruption Conference hosted at the OECD in Paris.
Press review
7 June 2024
Press review – Week of 3 June 2024
This week, the press review covers the trial of several Île-de-France’s elected officials including concealment of misappropriation of corporate assets...
Press review
31 May 2024
Press review – Week of 27 May 2024
This week, the press review covers the conviction of a French senator for illegal taking of interest, the adoption of...
Press review
17 May 2024
Press review – Week of 13 May 2024
This week, the press review covers the death of Renaud Van Ruymbeke, the conviction of former Mayor of Toulon for...
Video
16 May 2024
Anticorruption initiatives in Latin America: Lessons from the last decade (webinar)
To contribute to the Latin America and Caribbean Weeks event, organised by the French Ministry of Europe and Foreign Affairs...
Publication
14 May 2024
LIR 6th Edition : Focus on ADP INGENIERIE and SEVES Group/SEDIVER CJIPs
Navacelle contributes to The Legal Industry Reviews' sixth edition, focusing on the last two CJIPs (kind of French DPAs) concluded....
Event
13 May 2024
Dassault Aviation – 1st Ethics Day
Dassault Aviation invited Stéphane de Navacelle to take part in its Ethics day, dedicated to anti-corruption programs and duty of...
Analysis
6 May 2024
Overview of the future European Anti-Money Laundering Authority
The new Authority for Anti-Money Laundering and Countering the Financing of Terrorism will be based in Frankfurt and shall start...