two deputies seize the Paris prosecutor for “possible conflicts of interest” within the bank

A report by the Court of Auditors had already estimated that the investment of employees of the Public Investment Bank in an open fund in 2020 raised “ethical questions”.

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The headquarters of Bpi France in Paris.  (BENOIT DURAND / HANS LUCAS)

Two socialist deputies seized the Paris prosecutor on Thursday on possible conflicts of interest within Bpi France, the Public Investment Bank, according to a letter from the two elected officials consulted by franceinfo on Friday July 21. In this letter, addressed to the public prosecutor of Paris Laure Beccuau, Christine Pirès-Beaune, deputy of Puy-de-Dôme, and Philippe Brun, deputy of Eure, mention the report of the Court of Auditors entitled “The investment activities of Bpi Francewhich reported the existence of the Bpi France Entreprises 1 investment fund, known as “BE1”, opened in 2020, in which more than 200 bank employees have invested, including managers.

The two MEPs believe that these investments can constitute “possible conflicts of interest, even a stock market offense“. In its report published on June 12, the Court of Auditors noted that the device raised “ethical questions“.

Christine Pirès-Beaune and Philippe Brun consider that the employees of Bpi France, having had “privileged information“, could have been “confident about the hope of good returns from the fund“. According to them, the value of it has gone “from €95.5 million at launch to €195.8 million at December 31, 2022“. The two elected PS do not want “presume any malicious intent on the part of the persons concerned“, but only wish to inform the prosecutor of facts which “potentially constitute offenses“.


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