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Bollore Group fined $14.5 million for Africa graft

Bollore Group fined $14.5 million for Africa graft

FRENCH group Bollore will pay a 12 million-euro ($14.55 million) fine following a transaction with prosecutors in an alleged bribery case in Africa, France's financial prosecutor disclosed yesterday. The transaction effectively puts an end to the legal proceedings in the case against the conglomerate, led by billionaire Vincent Bollore, French Financial Prosecutor Jean-François Bohnert said in a written statement. "The investigation had concerned the corruption of foreign public officials, abuse of trust and complicity in breaches of trust committed between 2009 and 2011," the financial prosecutor said. Bollore's lawyer Olivier Baratelli and Bollore's spokesman didn't answer calls seeking comment.
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