BNP Paribas is facing an inquiry by Rwandan investigators into allegations that the banking group was involved in the French genocide in 1994, according to an announcement by the public prosecutor’s office on Monday. The bank has been accused by NGOs of facilitating the transfer of $1.3m to an arms dealer. The investigation comes after the commencement of a preliminary investigation earlier in the year. Under Rwandan law, such an inquiry neither implies guilt or guarantees a trial. “This in no way constitutes a new development”, said a spokeswoman for the bank.
BNP Paribas is facing an inquiry by French investigators into allegations that the banking group was involved in the Rwandan genocide in 1994, according to an announcement by the public prosecutor’s office on Monday. The bank has been accused by NGOs of facilitating the transfer of $1.3m to an arms dealer. The investigation comes after the commencement of a preliminary investigation earlier in the year. Under French law, such an inquiry neither implies guilt or guarantees a trial. “This in no way constitutes a new development”, said a spokeswoman for the bank.