BNP Paribas Trader ‘Sacrificed’ in Probe Seeks $3.2 Million

June 10, 2016, 9:54 PM UTC

A BNP Paribas SA trader fired amid a U.S. probe into sanctions violations asked a Paris employment tribunal for about 2.8 million euros (U.S.$3.2 million) days after the same court awarded ex-Societe Generale SA trader Jerome Kerviel more than 450,000 euros.

Philippe de Gentile, former head of structured finance in the bank’s Geneva office, was “sacrificed” during a U.S. investigation into allegations that France’s largest bank violated sanctions against Sudan and Iran, his lawyer said.

The 63-year-old de Gentile “was sacrificed simply so that BNP Paribas could give names to the Americans,” his lawyer, Chantal Giraud-van Gaver, said at a court ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.