Bolloré Group faces legal action over alleged corruption in Africa

Eleven African non-governmental organizations (NGOs) from five countries have filed a complaint with France’s National Financial Prosecutor against the Bolloré Group, accusing it of money laundering and receiving stolen funds. The NGOs, united under the banner “Restitution for Africa” (RAF), are demanding criminal proceedings and the return of nearly €5.7 billion they claim was wrongfully taken from African communities.

 

The complaint targets Vincent Bolloré, CEO of the group, and his son, alleging corrupt practices in securing port concessions in Cameroon, Ghana, and Côte d’Ivoire.

 

In Togo and Guinea, the group is accused of using its communication arm, formerly Havas, to provide services to local leaders in exchange for maintaining its logistics interests.

 

This legal action follows years of investigations by the NGOs, who are pushing for prison sentences for those responsible and the redistribution of illicitly obtained funds to affected African populations. However, the outcome remains uncertain.

 

In 2021, a similar case involving corruption in Guinea was dismissed due to the statute of limitations, despite evidence of wrongdoing. In Togo, Bolloré admitted guilt and paid a €12 million fine, pledging to strengthen anti-corruption measures.

 

The RAF collective argues that these measures fall short. They insist that funds be returned directly to African communities, not the French state.

 

The case gains further complexity as Bolloré sold its port operations to the Italian-Swiss group MSC just a year after its settlement with French authorities, raising questions about the timing of the sale.

 

This lawsuit underscores the growing demand for accountability and transparency from multinational corporations operating in Africa.

 

It highlights the need to protect local communities from exploitation and ensure that justice is served for historical injustices.

 

The outcome could set a significant precedent for corporate responsibility on the continent.

 

 

Posts Grid

Football/Spain: Referees break down in tears ahead of El Clásico Cup Clash

Tensions reached boiling point Friday as the referees for Saturday's Copa del Rey semifinal between Real Madrid and Barcelona held an extraordinary press conference -...

Malian Government highlights key achievements during council of Ministers session

Presided over by His Excellency General Assimi Goïta, President of the Transition, the Council of Ministers convened in an ordinary session on Wednesday, April 23,...

Sport: Mali Football Chief Mamoutou Touré released after 20 months in Jail

Malian football federation president Mamoutou Touré has been granted provisional release after 622 days in detention over alleged embezzlement of $28 million in public funds....

Arsenal reconsider Partey’s contract extension amid key role

Arsenal may reverse course on Thomas Partey’s future, with the club now open to discussing a new deal for the midfielder, per reports. Initially expected...

Artistic Gymnastics: Biles noncommittal on LA 2028 after historic Paris Haul

Fresh off her triumphant three-gold performance in Paris, gymnastics legend Simone Biles remains undecided about competing in her home Olympics. The 28-year-old told L'Equipe she'll attend Los...

Hugo Broos confirms South Africa will be his final coaching chapter

At 73, Belgian tactician Hugo Broos has announced his impending retirement, with South Africa marking the final stop in his illustrious career. In an exclusive...

Leave a Reply

Your email address will not be published. Required fields are marked *