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CRIME

French university closes building over drug dealing

A university site in the centre of French Mediterranean port Marseille will close temporarily because of nearby dealing in the city's deadly drug trade, according to a letter seen by AFP.

French university closes building over drug dealing
Aix-Marseille University will be temporarily close one of its sites in central Marseille due to insecurity linked to drug trafficking nearby (Photo by Christophe SIMON / AFP)

The Colbert building affected is less than 500 metres from Marseille’s picturesque Old Port in one of the city’s poorer neighbourhoods, where drug-dealing hotspots have recently popped up.

“After months of concern and alarm, the dean… has taken the decision to close the building to students and staff as their security cannot be assured,” Eric Berton, president of the Aix-Marseille University, wrote to police, prosecutors and the mayor.

Around 40 people have been killed in drug-related violence in Marseille this year — described as a “bloodbath” by city authorities  – including bystanders and local residents caught up in attacks on rival dealers.

Classes for the Colbert site’s roughly 1,500 students will take place online from Friday until October 13, Berton said, with a university source telling AFP the institution hopes the problems can be resolved by then.

The university “has a real desire to stay in the heart of Marseille” rather than fleeing its social issues, the source added.

Marseille’s police headquarters on Tuesday acknowledged the “degradation” around the Colbert site, but added it had been sending riot police to reinforce local officers.

It also invited university chief Berton to visit “soon” to discuss the dealing problems.

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BANKING

Danish bank to pay millions to end French laundering probe

Denmark’s largest bank has agreed to pay a multi-million sum to end legal pursuits in France linked to alleged money laundering in its Estonian subsidiary that resulted in heavy US penalties

Danish bank to pay millions to end French laundering probe

Danske Bank will pay €6.3million (47million kroner) to end French financial authorities’ investigation.

An independent auditor’s report published in 2018 alleged Danske Bank’s Estonian unit allegedly laundered some €200billion through 15,000 accounts from 2007 to 2015.

The payment was agreed on August 27th with France’s national financial crime prosecutors and validated by a court on Wednesday. The agreement does not involve any admission of guilt.

Danske last December pleaded guilty in the United States and paid a $2billion fine.

The bank last October set aside an amount roughly equal to its US fine in expectation of legal pursuits in several countries.

Probes are underway in Estonia, Denmark, and Britain.

France charged Danske in 2019 with organised money laundering, which it denied, saying it was unaware of its Estonian subsidiary’s activities.

Tracfin, the French finance ministry’s anti-money laundering unit, found suspect movements on two accounts linked to a Franco-Russian businesswoman who has since been handed a two-year suspended sentence.

At Wednesday’s hearing, Danske’s counsel Niels Heering said his institution was “happy to reach this accord which for us is a way to close this chapter”, adding that “cracking down on financial fraud remains a priority” for the bank.

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