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Article

10 May 2013

Author:
RFI

French bank faces lawsuit over slave trade

France's Representative Council of Black Associations (CRAN) announced it will launch a lawsuit against the bank CDC (Caisse des depots) on Monday over its role in the slave trade in general and events surrounding Haitian independence in particular…"The CDC was an accomplice to a crime against humanity," CRAN President Louis-Georges Tin told reporters. "It played a considerable role in the slave trade."…Haiti won its independence from France in 1804 after a slave revolt…But the French navy subsequently blockaded the Caribbean country and extracted massive compensation for the colonial power's property losses…According to Tin, the amounts paid to France via the CDC between 1825 and 1946 were the equivalent of 16 billion euros in today's money and contributed to a legacy of underdevelopment that has left Haiti as one of the poorest countries on the planet...[Also refers to JPMorgan]