France Fines U.S. Bank JP Morgan $29.6 Mln In Tax Fraud Settlement

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U.S. bank JP Morgan has agreed to a 25 million euros ($29.6 million) fine in a settlement of a tax fraud case, French financial prosecutors’ office said on Thursday.

The financial prosecutors’ office said in a statement a Paris court had approved on Thursday the settlement sealed with JP Morgan.

The settlement follows a probe opened in 2012.

($1 = 0.8438 euros)

– Reuters

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