PARIS -- A French parliamentary commission investigating losses at the largest state-owned bank, Credit Lyonnais, issued a report highly critical of the bank's former president, Jean-Yves Haberer.

While the report did not question the executive's honesty or ethics, it savaged his aggressive acquisition policy, "monarchical" management style, and risk-control failures. And it raised questions about possible corruption among bank officials that contributed to losses from such borrowers as Giancarlo Parretti, former owner of the MGM studio.

The report said Credit Lyonnais' exposure to the interconnected holdings of Mr. Parretti and Florio Florini is about $2 billion, not including $2.5 billion to MGM, which the bank took over in May 1992.

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