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Head of France's BPCE investigated over conflict of interest-source
February 6, 2014 / 8:02 PM / 4 years ago

Head of France's BPCE investigated over conflict of interest-source

PARIS, Feb 6 (Reuters) - The chairman of BPCE, France’s second-biggest retail lender, was put under judicial investigation to determine whether his nomination to head the bank in 2009 represented a conflict of interest, a legal source told Reuters on Thursday.

Francois Perol, given the job by former President Nicolas Sarkozy, had previously worked at Rothschild & Cie, an investment company that played a key role in the merger that created BPCE in its present form, said the source.

Perol, 50, appeared in a closed courtroom in Paris on Thursday to answer questions from an investigative magistrate, the source added. (Reporting by Gerard Bon and Maya Nikolaeva; Editing by Alexandria Sage)

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