FRANCE: Scores Sentenced In Garment District Scam
Nearly 90 people were convicted on Monday on charges they helped con banks and insurance companies out of huge sums in a massive scam centered on Paris' garment district.
The 88 suspects received sentences ranging from suspended jail terms to seven years in prison plus huge fines, while another 36 defendants were cleared at the end of one of the county's largest ever fraud trials.
Those convicted were found guilty on a host of fraud-related charges, with prosecutors saying that the scam was carried out by suspects obtaining multiple bank loans based on fake credit guarantees.
More than 700 small shops and enterprises mainly located in the garment district called the Sentier - known for its sweatshop clothing factories and large immigrant workforce - were implicated in the scandal.
- Why do modern robotics elude sportswear makers?
- Traditional financing is a misfit for fast fashion
- Trump trade policy – Who knows what he'll do?
- Planning is key to an effective inventory strategy
- Bagir CEO says suit-maker is back on track
- US Q3 in brief - G-III Apparel, Express
- Bagir exports first trousers for H&M from Ethiopia
- Film documents Cambodia garment workers' stories
- Esquel efficiency drive continues to boost brands
- Pakistan suspends India cotton imports
- Outdoor performance apparel 2016: A broader perspective
- Global market review of lingerie – forecasts to 2022
- Global apparel markets: product developments and innovations, October 2016
- Footwear Top 5 Emerging Markets Industry Guide_2016
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack