Ex-EADS executive placed under investigation in French dirty tricks scandal
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Jean-Louis Gergorin, a former EADS executive and ally of the French prime minister, has been placed under judicial investigation over defamation charges, sources close to the case said, amid a growing political scandal.
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Dramatic new details of France&#39;s secret dealings with Saddam Hussein&#39;s regime have emerged as part of a fresh corruption investigation into alleged illicit oil deals.
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Former French prime minister summoned for questioning by investigating judges 'who expect to file preliminary charges against him'.
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A senior executive at European aerospace  firm EADS  has resigned, exposing a tussle over the  25-billion-euro revenue powerhouse at subsidiary Airbus days  before a showdown for plane orders with Boeing.
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The European Aeronautic Defense and Space Company, or EADS, is scrambling to quell an internal squabble that could increase tensions between French and German shareholders.
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French judges have placed the head of Warner Music, Edgar Bronfman Jr, under formal investigation as part of a probe into French media giant Vivendi Universal, legal sources told AFP on Thursday.
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Louis Gallois, the new sole chief executive of EADS, says he could make acquisitions to improve the civil/military balance.
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Former Vivendi Universal chief executive Jean-Marie Messier was questioned by the French financial markets regulator over alleged embezzlement in 2001 and 2002.
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EADS co-chief executive Noel Forgeard is being questioned by France&#039;s parliamentary finance committee on why he sold millions of euros&#039; worth of shares in the European aerospace group just before it announced delays in deliveries of its Airbus A380 superjumbo.
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European Aeronautic Defence &amp; Space Co., parent of the world's largest maker of commercial aircraft, ended seven years of dual management that investors said contributed to a projected $6.6 billion reduction in profit at EADS through 2010. Louis Gallois, 63, a French national, will become EADS's sole chief executive. Tom Enders, 48, a German who until now ...
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A senior prosecutor recommended that Daniel Bouton be questioned by judges in connection with accusations he has made about a rogue traderâs role in SociÃ©tÃ© GÃ©nÃ©raleâs  loss of billions of euros.
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The former head of Bawag, the Austrian bank linked to last yearÂs collapse of the commodities brokerage firm Refco, was arrested in France on fraud charges, Austrian authorities said. French authorities took the former executive, Helmut Elsner, who was BawagÂs general manager, into custody at his villa in southern France, a Justice Ministry spokesman told the Austria Press Agency. Bawag, the acronym for Bank FÃ¼r Arbeit und Wirtschaft A.G., has been under investigation for lending the former chief executive of Refco, Phillip Bennett, several hundred million dollars just before Refco filed for bankruptcy in October.
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The S.E.C. has begun an inquiry into whether two senior executives secretly tried to put the company into play.
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The oil company Total named Christophe de Margerie, formerly the companyâs No. 2 executive, as its chief. Mr. de Margerie is under investigation in France over a possible plan to pay foreign officials for the right to drill in their countries, linked to the oil-for-food program for Iraq. Total, following the footsteps of several big French companies, announced last year that it would split the jobs of chief executive and chairman, leaving Thierry Desmarest, who currently holds both posts, as chairman only. Mr. de Margerie, left, currently head of the exploration and production division, has worked for Total for more than 30 years. The French authorities placed him under investigation in October for âcomplicity in the abuse of company goodsâ and âcomplicity in corrupting foreign officials.â Total insists it has abided by the rules of the United Nations oil-for-food program, which allowed Saddam Hussein to sell oil in exchange for humanitarian goods.
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A French investigating magistrate placed British low-cost airline easyJet under judicial investigation in connection with possible violations of French labor law, a judicial source said.
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EADS has filed a lawsuit in Paris against unknown persons for the theft and disclosure of confidential draft documentation from its auditing service, the European aerospace group has said.
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Jean-Paul Gut, the chief operating officer of EADS, quit on Monday, adding further turmoil to the companyâs top management one week before the Paris air show.