BNP has no comment on Madoff exposure report

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$50 billion fraud scheme

Fri, Dec 12 2008

PARIS | Sun Dec 14, 2008 10:40am EST

PARIS (Reuters) - French bank BNP Paribas (BNPP.PA) had no comment on Sunday on a report in the Wall Street Journal it may have some exposure to the alleged $50 billion fraud by former Nasdaq chairman Bernard Madoff.

A spokesman said he had no comment on the report which mentioned the name of the bank, among others, but did not say what the exposure would be.

(Reporting by Matthieu Protard; Editing by Greg Mahlich)

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