Thursday , 24 May 2018
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Bolloré Group CEO investigated for corruption
Vincent Bolloré, chairman and CEO of Bolloré Group

Bolloré Group CEO investigated for corruption

The chairman and CEO of Bolloré Group is subject to a formal corruption investigation involving concessions for terminals in Guinea and Togo.

Vincent Bolloré is being investigated by French police for allegedly aiding political campaigns in exchange for lucrative concession agreements in the Port of Conakry, Guinea and the Port of Lomé, Togo.

A Bolloré Group subsidiary, Havas, allegedly provided discounted communications advice to Guinean President Alpha Condé and Togolese President Faure Gnassingbé between 2009 and 2010 in exchange for the concessions, which were awarded to Bolloré Africa Logistics.

Bolloré was detained and questioned in relation to the investigation but has since been released. The Bolloré Group has denied any wrongdoing.

Bolloré Ports operates container terminals in France, Haiti, Asia and a number of West African countries.