Togo : Former Elf CEO faces court in Togo
on 2012/9/18 11:20:31
Togo

LOME, Togo (AP) — Loik Le Floch-Prigent, the former chief executive officer of the French oil corporation Elf, was extradited to Togo from Ivory Coast and will soon appear before a High Court judge here on charges of abetment of crime to defraud an Emirati businessman.

The purported scam against Abass Al Youssef was for $48 million. Earlier, the businessman lodged a complaint against Togolese businessman Bertin Sow Agba in the case. Sow Agba is a cousin of former Togolese Interior Minister Pascal Bodjona, who was also arrested after the Emirati businessman implicated him in the scam.

The case has rocked this small West African nation. In early September, hundreds of Bodjona's supporters besieged police headquarters and were dispersed by police firing tear gas. Bodjona has been charged with being an accomplice in the financial scam and has pleaded not guilty.

Le Floch-Prigent, who was convicted in France in several cases relating to his 1989-1993 tenure at Elf and handling of its finances, was extradited on Saturday from Ivory Coast. His court appearance in Togo was expected to happen on Monday or Tuesday.

In the older cases of wrongdoing, an investigation in the 1990s revealed a system of bribes and kickbacks in Elf's international business dealings. Elf later merged with another French company, and the new entity was renamed Total.
20120918
AP

Previous article - Next article Printer Friendly Page Send this Story to a Friend Create a PDF from the article


Other articles
2023/7/22 15:36:35 - Uncertainty looms as negotiations on the US-Kenya trade agreement proceeds without a timetable
2023/7/22 13:48:23 - 40 More Countries Want to Join BRICS, Says South Africa
2023/7/18 13:25:04 - South Africa’s Putin problem just got a lot more messy
2023/7/18 13:17:58 - Too Much Noise Over Russia’s Influence In Africa – OpEd
2023/7/18 11:15:08 - Lagos now most expensive state in Nigeria
2023/7/18 10:43:40 - Nigeria Customs Intercepts Arms, Ammunition From US
2023/7/17 16:07:56 - Minister Eli Cohen: Nairobi visit has regional and strategic importance
2023/7/17 16:01:56 - Ruto Outlines Roadmap for Africa to Rival First World Countries
2023/7/17 15:47:30 - African heads of state arrive in Kenya for key meeting
2023/7/12 15:51:54 - Kenya, Iran sign five MoUs as Ruto rolls out red carpet for Raisi
2023/7/12 15:46:35 - Ambassador-at-Large for Global Women’s Issues Gupta Travels to Kenya and Rwanda
2023/7/2 14:57:52 - We Will Protect Water Catchments
2023/7/2 14:53:49 - Kenya records slight improvement in global peace ranking
2023/7/2 13:33:37 - South Sudan, South Africa forge joint efforts for peace in Sudan
2023/7/2 12:08:02 - Tinubu Ready To Assume Leadership Role In Africa
2023/7/2 10:50:34 - CDP ranks Nigeria, others low in zero-emission race
2023/6/19 15:30:00 - South Africa's Ramaphosa tells Putin Ukraine war must end
2023/6/17 15:30:20 - World Bank approves Sh45bn for Kenya Urban Programme
2023/6/17 15:25:47 - Sudan's military govt rejects Kenyan President Ruto as chief peace negotiatorThe Sudanese military government of Abdel Fattah al-Burhan has rejected Kenyan President William Ruto's leadership of the "Troika on Sudan."
2023/6/17 15:21:15 - Kenya Sells Record 2.2m Tonnes of Carbon Credits to Saudi Firms

The comments are owned by the author. We aren't responsible for their content.