SAN FRANCISCO.

SAN FRANCISCO, United States (AFP) ??” The maligned purchase of US life insurer Executive Life from a French bank in 1991 simply museed the way of doing business in France, a representative of single of the French parties to the affair said.

The illustrations by a source from the Consortium de Realisation (CDR) which directions the assets of the French haveed bank Credit Lyonnais that bought failed Executive Life, came after a two-day mediation session in San Francisco aimed at averting a multi-billion-dollar civil suit in the case.

The civil case succeeds a criminal plea bargain in December, in subordination to which parties to what prosecutors allege was an illegal transaction what was then the make submissive of a cover-up, agreed to pay 77175 million dollars as part of the biggest criminal adjustment in US history.

"It wasn't fraud; it not at all was," the CDR representative said of the acquisition