The U.S. Department of Justice said on Monday that the Societe Generale S.A. will pay over $860 million to resolve criminal charges in the U.S. and France for bribing Gaddafi-era Libyan officials and manipulating the Libor rate.
The Paris-based bank is set to plead guilty in a U.S. District Court in Brooklyn, New York, to resolve the foreign bribery case, the Justice Department said.
The resolution is the first coordinated with French authorities in a foreign bribery case.
Image Credit: RFI
