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French tycoon Bolloré fights Africa graft allegations

Zakaria Abdelkafi, AFP | French transport and media giant Bolloré's President Vincent Bolloré attends the presentation of the Bretagne Prize literary award on June 26, 2017 in Paris.

French billionaire Bolloré on Sunday fought allegations that his family-run group corrupted foreign public officials to win port concessions in West Africa.

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In an op-ed article entitled “Should we abandon Africa?” in the weekly Journal du Dimanche (JDD), Bolloré said the accusations were not credible and stemmed from “malicious” and “false” information spread on local leaders on the continent.

The article came four days after a French judge placed Bolloré, 66, under formal investigation over allegations his conglomerate - a logistics empire in former French colonies across West Africa  - undercharged for work on behalf of presidential candidates in Togo and Guinea.

The company confirmed this week its African business interests were under investigation over the billing for work carried out in the two countries between 2009 and 2010 by its communications business Havas Worldwide.

The group denied any wrongdoing.

“How can one imagine that communication expenses of a few hundred thousand euros, accounted for in all transparency by a global and renowned communication group, could have determined investments of hundreds of million euros in port operations...,” Bolloré said.

The executive added his group, which operates 16 container ports in West Africa, invested about four billion euros in the region over the last 30 years. He said he also pushed French media group Vivendi, which he controls, to invest in the continent.

Claiming that he is the target of a “witch hunt,” Bolloré said the investigation could weaken the ties between France and its former colonies on the African continent.

“Isn’t there a risk that the France of Enlightenment they had so admired may break this bond through witch hunts and unfair and disproportionate inquisitions...,” Bolloré asked.

Bolloré is suspected of corrupting foreign public officials and complicity in corruption, his lawyer Olivier Baratelli said earlier this week.

(REUTERS)

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