FRENCH SENSATION
BANK FRAUDS ALLEGED STORM IN CHAMBER OF DEPUTIES Press Association—By Telegraph—Copyright. PARIS, November 28. M. Oustric, founder of tho Oustric Bank, lias been arrested and charged with frauds exceeding £10,000,000 by manipulating Bourse prices, by means of a newspaper called the-' Bourse et Finance,’ which published fictitious quotations. Following M. Oustric’s arrest, M. Falcoz and M. Lautier, members of M. Tardieu’s Government, resigned, as they' had relations with the Oustric Bank and wished to be free to explain their connection with he bank to a commission of inquiry which has just been appointed. M. Tardieu then asked the House for a vote of confidence. After a passionate speech by the Prime Minister and a story debate, in which the Opposition suggested that the Gov-; eminent had seriously affected M. Oustric’s case, the vote of confidence was carried by 293 votes to 279. The smallness of the majority caused a sensation in Paris.
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Bibliographic details
Evening Star, Issue 20655, 1 December 1930, Page 11
Word Count
154FRENCH SENSATION Evening Star, Issue 20655, 1 December 1930, Page 11
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