Deutsche Welle on 24th April reported that French billionaire Vincent Bollore has been detained on suspicion of corruption when making deals to operate ports in Africa.  A part of his conglomerate is alleged to have helped political campaigns to gain concessions.  The 66-year-old, who is head of the Bollore Group, was questioned along with other employees of the company. French newspaper Le Monde said the investigation focused on port deals in the Togolese capital, Lome, and Conakry in Guinea.  The multinational group is alleged to have used its communication and marketing subsidiary Havas to support election campaigns of Guinean President Alpha Conde and Togo President Faure Gnassingbe.  In exchange, the subsidiary known as Bollore Africa Logistics is alleged to have won contracts to operate shipping terminals after the leaders were elected.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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