UPDATE 1-French bank boss to face Senate over Panama Papers furore

martes 12 de abril de 2016 10:02 GYT
 

* French bank chief in firing line over Panama Papers leaks

* Denies wrongdoing, stands by 2012 statements to Senate

* Faces new Senate hearing in French Senate in May (Adds comments by Oudea, senator after meeting)

By Brian Love

PARIS, April 12 (Reuters) - The head of Societe Generale on Tuesday rejected accusations he misled parliament about the French bank's tax haven ties and agreed to answer Senate questions prompted by the Panama Papers revelations on the secretive world of offshore finance.

Chief Executive Frederic Oudea and his bank have been thrust to the fore of a controversy over usage of tax havens since an investigative news syndicate this month exposed leaked documents on the activities of Panama law firm Mossack Fonseca.

The reports, based on 11.5 million leaked documents, put SocGen near the top of a global list of banks that created hundreds of thousands of shell companies in Panama and other offshore financial centres between 1977 and 2015 -- with a total of 979 created by the French bank.

At issue are accusations by senators that Oudea misled them when he told a Senate committee in 2012 that his bank had closed operations in Panama and other tax havens identified as overly secretive or short of international transparency standards.

Following a meeting with the head of the Senate's finance committee, Oudea told the Senate's TV station, Public Senat: "I told her I answered with the utmost sincerity to all the questions of the Senate committee of inquiry in 2012."   Continuación...