In its affidavit, GROUPAMA argued that bank secrecy entitled it to limit the scope of Police investigations to a building that was not the place where evidences about the infraction were officially collected.

After the fraud was discovered and denounced by the victim, as GROUPAMA managed to have the General Prosecutor of Paris to state that Police was ‘right’ to ignore the criminal file and focus only on the irrelevant information provided by GROUPAMA itself, there is room for serious doubts in the way that affair was conducted.

As a matter of facts, FINAMA and GROUPAMA have reported false information to the markets regarding their own accounts (where the fraud describbed below has never been reported).

This unfortunate event is more than likely to compromize the confidence ratings of French (bank and insurance) regulated markets on the proven basis that the numbers cannot be trusted.

All the details, including the General Prosecutor reply, the BEFTI investigation file and the unofficial affidavit cooked by GROUPAMA have been made publicly available:

http://remoteanything.com/archives/groupama.pdf