About: http://data.cimple.eu/news-article/0837630f2d990667cf3dfdeda6a3c7509f07c295840d63e7e6ed7449

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About: http://data.cimple.eu/news-article/0837630f2d990667cf3dfdeda6a3c7509f07c295840d63e7e6ed7449 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	French industrial group Bollore on Friday reached a settlement over a decade-old corruption case in Togo, prosecutors said, but a separate plea deal with three top company executives was thrown out by a judge. The company agreed to pay 12 million euros ($14.5 million) as part of the deal with financial crime prosecutors which was accepted by a Paris court Friday. The case goes back more than a decade, when Bollore, a conglomerate dealing in transport, energy and logistics, allegedly undercharged the Togo government for consultancy work in return for a contract to manage the port of Lome between 2009 and 2011. It also used a similar strategy with the Guinea government to take over the management of the port of Conakry. The case triggered an investigation for corruption of foreign officials, breach of trust and complicity in breach of trust. Chairman Vincent Bollore, a billionaire tycoon, and two other senior company executives, Gilles Alix and Jean-Philippe Dorent, had negotiated a separate plea deal with prosecutors to have proceedings against them personally dropped in the case, in return for a fine of 375,000 euros ($455,000) and a recognition of guilt. But although Bollore and the two others admitted wrongdoing in court Friday, the presiding judge rejected their part of the agreement, saying the corruption allegations against them were too serious to be allowed to go away. The fines "suggested by the prosecutor and accepted by the three accused" were too lenient, the judge said, given that their actions had "seriously harmed the public economic order" as well as Togo's sovereignty. Instead, the judge recommended that the three should stand trial under criminal charges. A decision whether such a trial will actually take place is now up to an investigating magistrate. mk-gd/jh/dl
schema:headline	French group Bollore settles Togo corruption case
schema:mentions	Conakry Lomé Togo Logistics Vincent Motorcycles Industry French language Billionaire Court Paris Alix Strachey Examining magistrate Chaebol Energy industry
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-02-26 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	86 (xsd:integer)

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