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BNP Paribas faces 2023 London trial over Dutch bribery claims

By Martin Coyle ( March 26, 2021, 16:50 GMT | Insight) -- BNP Paribas will face a London trial in 2023 over a 320 million-euro claim it missold complex derivatives products to a Dutch housing association, which lost 2.5 billion euros from various banks following its disastrous foray into the financial products. The lender faces claims that it paid bribes via an intermediary to Stichting Vestia's former treasury manager Marcel de Vries, to encourage him to enter into the transactions.BNP Paribas will face a London trial in 2023 over a 320 million-euro ($377 million) claim that it missold complicated derivatives products to a Dutch housing association, which lost 2.5 billion euros from various banks following its disastrous foray into the financial products....

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