US DoJ pursues shares held by Chadians

Issue 304 - 10 Jul 2015
The US Department of Justice on 30 June filed a complaint in the Columbia District Court for the civil forfeiture of £22m, the value of shares in the former Griffiths Energy International used to bribe Chad’s former ambassador to Washington, Mahamoud Adam Bechir. Griffiths Energy was fined C$10.35m by a Calgary court in January 2013 for violating the Canadian Corruption of Foreign Public Officials Act. The company renamed itself Caracal Energy and was bought by Glencore in 2014.In 2009, Griffiths’ founder Brad Griffiths, who later died in a boating accident, and his business partner Naeem Tyab agreed to pay Bechir and his associates $2m in currency and shares for their help in influencing the award of oil acreage in Chad.

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