Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

BNP Paribas Fortis Won’t Claim VAT After Carbon Fraud, Echo Says

Dec. 15 (Bloomberg) -- BNP Paribas Fortis won’t ask the Belgian government to reimburse about 70 million euros ($92 million) of value-added tax connected to a 2009 emission-permits fraud, L’Echo reported.

The bank bought the permits from a criminal organization that failed to pay the value-added tax to the state, the Brussels-based newspaper reported today.

BNP Paribas Fortis has renounced its right to seek compensation from the government, L’Echo reported, citing bank spokesperson Hilde Junius, who added that the decision won’t affect the bank’s accounts.

Story Link: {NSN MF2B8B6KLVR5 <GO>} Link to Company News:{BNP FP <Equity> CN <GO>} Link to Company News:{FBAVP BB <Equity> CN <GO>}

To contact the editor responsible for this story: Patrick Henry at phenry8@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.