The Wall Street Journal reported U.S authorities were pressuring BNP Paribas to pay over $10 billion to terminate a criminal probe that the bank dodged U.S sanctions on May 29, 2014. Fiorina gave a paid speech to the bank six days later.
Republican presidential candidate and former Hewlett-Packard CEO Carly Fiorina — a vocal critic of lifting economic sanctions on Iran as part of the nuclear deal — delivered a paid speech to French bank BP Paribas in June of last year, six days after the Wall Street Journal reported the bank was the subject of a federal criminal probe for flouting U.S. economic sanctions on Iran.
According to a June 2015 financial disclosure, Fiorina was paid $48,000 for the speech on June 3, 2014. The Wall Street Journal’s report, last updated on May 29, 2014, said that U.S. authorities were pressuring BNP Paribas to pay over $10 billion to resolve a criminal probe that the bank dodged U.S. sanctions.
“The push to secure a high-dollar penalty, along with a guilty plea from BNP, stems in part from what prosecutors viewed as the bank’s longtime flouting of U.S. economic sanctions against Iran, Sudan and other countries, the people said. Investigators were also frustrated with what they believe was a sluggish start to the bank’s internal investigation and slow response to requests by prosecutors for documents and interviews with employees, according to the people familiar with the discussions,” the Journal reported.
Fiorina’s campaign did not respond to a request for comment for this story.