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French Bank Loses 15 Tons of Gold

Discussion in 'BBS Hangout' started by weslinder, Mar 26, 2008.

  1. weslinder

    weslinder Member

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    http://english.sabah.com.tr/92267FDEC9DB4125A2F03D99A679ECF0.html

    Societe Generale and Goldaş fight for 15 tons of gold

    21.03.2008

    French Societe Generale has claimed that $500 million worth of gold, which they had given to Goldaş to sell at the Istanbul Gold Market has gone missing and has filed a criminal report about the event.

    French Societe Generale claimed that 15 tons of gold, worth $500 million, which they had given to Goldaş to sell at the Istanbul Gold Market, has gone missing and filed a criminal report about the event. According to the claim of the French Bank, they gave Goldaş 15 tons of gold on consignee and authorized Goldaş to sell the gold in the Istanbul Gold Market. However, the bank was unable to get the gold back. Goldaş made a written statement and rejected this claim. Goldaş claimed that they had a commercial mutual agreement with Societe Generale; however the bank is acting upon ulterior motives.
     
  2. JaWindex

    JaWindex Member

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    It's easy to overlook $500 million when you've recently lost $7 billion.
     
  3. rrj_gamz

    rrj_gamz Member

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    SocGen should be all over it...$$ is $$...

    15 tons is a lot of gold...
     

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