ChillCedar
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French banking giant BNP Paribas has been found liable for its role in propping up the Sudanese regime under former dictator Omar al-Bashir. A New York jury awarded $20.75 million to three plaintiffs originally from Sudan, who were tortured, burned, and sexually assaulted by Sudanese soldiers and government-linked militia known as the Janjaweed.
The jury, which heard testimony describing the atrocities committed during the regime's brutal crackdown on minority groups, concluded that BNP Paribas's financial services were a "natural and adequate cause" of the harm suffered by the survivors. The bank had provided letters of credit to the Sudanese government, enabling it to honor import and export commitments and receive billions of dollars from buyers.
The plaintiffs claimed that the bank's actions facilitated the regime's ability to continue exporting commodities, including cotton and oil, which helped finance its operations. Defence lawyers argued that there was no connection between the bank's conduct and the harm suffered by the plaintiffs, claiming that global institutions such as the IMF partnered with the Sudanese government during the same period.
However, prosecutors countered that BNP Paribas had knowingly turned a blind eye to the consequences of its actions. The jury verdict is seen as a major victory for justice and accountability, with one lawyer stating that financial institutions cannot ignore the impact of their actions on human rights abuses.
The ruling comes after BNP Paribas pleaded guilty in 2014 to transferring billions of dollars for Sudanese entities subject to economic sanctions. The US government recognized the Sudanese conflict as a genocide in 2004, resulting in over 300,000 deaths and displacing 2.5 million people between 2002 and 2008.
The verdict is likely to have significant implications for BNP Paribas, with defence lawyers already vowing to appeal the ruling. The bank's involvement in propping up the Sudanese regime has been widely criticized, and this verdict brings much-needed justice to the victims of human rights abuses.
The jury, which heard testimony describing the atrocities committed during the regime's brutal crackdown on minority groups, concluded that BNP Paribas's financial services were a "natural and adequate cause" of the harm suffered by the survivors. The bank had provided letters of credit to the Sudanese government, enabling it to honor import and export commitments and receive billions of dollars from buyers.
The plaintiffs claimed that the bank's actions facilitated the regime's ability to continue exporting commodities, including cotton and oil, which helped finance its operations. Defence lawyers argued that there was no connection between the bank's conduct and the harm suffered by the plaintiffs, claiming that global institutions such as the IMF partnered with the Sudanese government during the same period.
However, prosecutors countered that BNP Paribas had knowingly turned a blind eye to the consequences of its actions. The jury verdict is seen as a major victory for justice and accountability, with one lawyer stating that financial institutions cannot ignore the impact of their actions on human rights abuses.
The ruling comes after BNP Paribas pleaded guilty in 2014 to transferring billions of dollars for Sudanese entities subject to economic sanctions. The US government recognized the Sudanese conflict as a genocide in 2004, resulting in over 300,000 deaths and displacing 2.5 million people between 2002 and 2008.
The verdict is likely to have significant implications for BNP Paribas, with defence lawyers already vowing to appeal the ruling. The bank's involvement in propping up the Sudanese regime has been widely criticized, and this verdict brings much-needed justice to the victims of human rights abuses.