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.
Want to read more?
(Access to one 100-400 word article)
Don't have an account?
Register for access to our free content
- 19 November 2020
Southern Africa moves towards new gas-based interdependency
Mozambique, Botswana, Lesotho, Angola, Namibia, Malawi, eSwatini (Swaziland), Zambia, Zimbabwe, South Africa
An account also allows you to view selected free articles, set up news alerts,
search our African Energy Live Data power projects database and view project locations on our interactive map