Nobel Foundation breaks with criticized
Photo: Christine Olsson/TT

Nobel Foundation breaks with criticized sponsor

The Nobel Foundation is breaking with the French bank BNP Paribas, which was recently sentenced to pay large damages due to involvement in genocide in Sudan, reports Svenska Dagbladet.

In an email to SvD, the Nobel Foundation's communications director Annika Pontikis writes that it cannot be ensured that "the code of conduct that underlies all partnership collaborations linked to the Nobel Prize's public activities has been followed", which is why the collaboration has been discontinued.

In October, Liljevalchs Konsthall in Stockholm also severed its collaboration with BNP Paribas with immediate effect. The announcement came just days after a US federal court in New York ordered BNP Paribas to pay a total of $20.5 million to three Sudanese citizens who testified about genocide committed under the rule of former leader Omar al-Bashir.

"We understand that the American legal process raises many questions as well as strong emotions. However, BNP Paribas will contest the outcome of the judgment that was handed down on October 17 and we are convinced that the judgment is incorrect in both substance and law," says Jennie Casselborg, spokesperson for BNP Paribas in Sweden, in a written comment to TT.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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