France fines U.S. bank JP Morgan $29.6 mln in tax fraud settlement

France fines U.S. bank JP Morgan $29.6 mln in tax fraud settlement

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.

clanahcom