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French Billionaire Vincent Bolloré Charged for Alleged Corruptions and African Election Interference

French Billionaire Vincent Bolloré Charged for Alleged Corruptions and African Election Interference

French billionaire Vincent Bolloré has been charged by French investigators for alleged corruption and swaying elections in two countries in Afric to seal the Lomé port deal in 2010 and Conakry deal in 2011.

” French Billionaire Vincent Bolloré Charged for Alleged Corruptions and African Election Interference “

French billionaire Vincent Bolloré has been charged by French investigators for alleged corruption and swaying elections in two countries in Afric to seal the Lomé port deal in 2010 and Conakry deal in 2011.

The French business tycoon, Vincent Bolloré has been placed under formal investigation.  Two other managers, Bolloré executive Gilles Alix and and  Jean-Philippe Dorent, a senior executive at global communications giant Havas, were also charged in the case. Jean-Philippe was in charge of election campaign for current Guinean President Alpha Condé  and had worked on the communications strategy of current Togolese President Faure Gnassingbé election’s campaign.

Vincent Bolloré is the Chairman of Bolloré Group and is one of France’s richest men with an estimated net worth of $7.6 billion leads.  Bolloré Group is one of the 500 largest companies in the world and is listed on the Paris Stock Exchange.  Founded 196 years ago in 1822, it employs about 80,000 people globally and have businesses in transportation and logistics, communication, electricity storage and solutions.

The company has a has a near-monopoly on ports in West and Central Africa, holding concessions to operate container terminals in 15 nations,  and running 25 dry ports including in countries including Burkina Faso and Chad. Vincent Bolloré is also a key shareholder in global media & communication group, Vivendi and Havas.  Vivendi owns Universal Music Group, one of the 3 largest music label alongside Sony Music and Warner Music Group.

Source: France24, Bloomberg, TelegraphBolloré Group

 

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