• France edition

Ex-Elf boss charged over fraud probe

Published: 18 Sep 2012 11:19 GMT+02:00 | Print version
Updated: 18 Sep 2012 11:19 GMT+02:00

The former head of French oil giant Elf, Loik Le Floch-Prigent, has been charged with accessory to fraud in the West African nation of Togo after appearing before a judge, his lawyer said Tuesday.

The former Elf CEO was questioned by a Togolese judge for about three hours Monday, following his lightning-fast extradition from Ivory Coast over the weekend.

His legal team had condemned the international transfer, which came the day after his arrest in Ivory Coast's economic capital Abidjan on Friday as he tried to board an Air France flight to Paris.

The Togolese hearing was expected to resume at a later date. Floch-Prigent did not immediately enter a plea but one of his lawyers, Rustico Lawson-Bankou, says his client is innocent.

The probe involves a complaint from an Emirati businessman who alleges he was the victim of a $48 million (€37 million) fraud. The purported victim, Abbas Al Yousef, claims Le Floch-Prigent was acting as his personal adviser at the time.

The case involves accusations that a network claimed to have access to $275 million in a Togolese account left by former Ivorian military ruler Robert Guei, who was killed in 2002.

Al Yousef, who manages investments, including in the oil and gas industry, alleges the $48 million was embezzled from him in the affair.

Togo's former minister of territorial administration, Pascal Bodjona, has also been charged in the case, as well as Togolese businessman Bertin Sow Agba.

Following Le Floch-Prigent's extradition Saturday, another of his lawyers Patrick Klugman denounced the move, saying extradition procedures did not appear to have been respected.

He had earlier condemned the transfer as a "kidnapping" but later backtracked from the remark.

An Ivorian prosecutor however said the transfer was an operation between two police forces in line with Interpol rules.

Klugman also claimed his client was caught up in an internal Togolese political affair. He said he feared for the health of Le Floch-Prigent, who turns 69 this month and has a medical appointment in France on September 26.

Le Floch-Prigent, currently an oil industry consultant, has already served jail terms in France for corruption which dated from his time as head of Elf from 1989 to 1993.

Several Elf senior managers were jailed after a corruption scandal that broke in the 1990s. The company was taken over by French oil giant Total in 2000.

Togo, a nation of six million people under French control prior to independence in 1960, has been run by the same family for more than four decades.

The military installed President Faure Gnassingbe in power after the 2005 death of his father Gnassingbe Eyadema, who had ruled the west African nation with an iron fist for 38 years. He has since won elections in 2005 and 2010.

AFP (news@thelocal.fr)

What do you think? Leave your comment below.

Your comments about this article:

The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.

ADD YOUR COMMENT   (YOU MUST LOG IN OR REGISTER TO MAKE A COMMENT)
Today's headlines
Ancelotti praises 'great pro' Beckham
Photo: Kenzo Tribouillard/AFP

Ancelotti praises 'great pro' Beckham

As Carlo Ancelotti paid fulsome tribute to the retiring David Beckham the Paris Saint Germain manager revealed an announcement on his own future may be imminent. READ () »

Disgraced ex-minister abandons re-election bid
Photo: AFP

Disgraced ex-minister abandons re-election bid

France's disgraced former budget minister, forced out of office over a tax fraud scandal, will not seek re-election to his former parliamentary seat, a newspaper reported Sunday. READ () »

Spanish rider Marquez on pole in France
Spanish rider Marc Marquez (C) celebrates after clocking the best time, during qualifying at Le Mans. Photo: Jean-Francois Monier/AFP

Spanish rider Marquez on pole in France

Spain's world championship leader Marc Marquez will start on pole in Sunday's French MotoGP on the Bugatti circuit at Le Mans after coming out on top in Saturday's qualifying. READ () »

Man held after Cannes TV studio attack
Red carpet at the Cannes Film Festival. File photo: AFP

Man held after Cannes TV studio attack

A man was arrested on Friday after causing a scare at the Cannes Film Festival, where he attacked a TV studio with a gun loaded with blanks and a dummy grenade, police and witnesses said. READ () »

Depardieu: Putin like Pope John Paul II
File photo: AFP

Depardieu: Putin like Pope John Paul II

French actor and newly-minted Russian citizen Gerard Depardieu on Saturday compared President Vladimir Putin to the late Pope John Paul II and said the ex-KGB agent is what Russia needs as a leader. READ () »

Hollande signs gay marriage bill into law
Photo: Kenzo Tribouillard/AFP

Hollande signs gay marriage bill into law

France became the 14th country to legalise same-sex marriage Saturday after President Francois Hollande signed the measure into law following months of bitter political debate. READ () »

French oyster lovers to munch on Swedish spats

French oyster lovers to munch on Swedish spats

Struggling French oyster farmers, whose haul has diminished in recent years, are set to receive some much needed help from their Swedish counterparts, by importing oyster spats from Sweden for the first time. READ () »

Hollande set to sign gay marriage into French law
Photo: AFP

Hollande set to sign gay marriage into French law

France's highest court the Constitutional Council cleared the divisive gay marriage bill on Friday, paving the way for same sex unions to become legal. Francois Hollande said he would sign the bill into law as soon as Saturday. READ () »

The view from France
'Beckham brought PSG nothing on the pitch'
Beckham holding one of the PSG shirts some say he was signed just to sell. Photo: AFP

'Beckham brought PSG nothing on the pitch'

While many in the world of football raised a glass to David Beckham when he announced his retirement on Thursday, elements in the French media as well as PSG fans in Paris could not hide the fact they feel a little cheated by his minimal contribution on the pitch. READ () »

Jewellery worth over $1 million stolen at Cannes
File photo of a Chopard necklace. Photo:AFP

Jewellery worth over $1 million stolen at Cannes

Thieves have stolen Chopard jewellery worth $1 million at Cannes Film Festival, French police reported on Friday. The jewellery was due to be loaned to film stars over the coming days. READ () »

Highlights
Photo: M&S
Hollande's first year: Top 10 Nightmare Moments
Revealed: France's Best Restaurants in 2013
French Face of the Week
French politicians reveal their wealth
Ten best chat-up lines to use in French
Opinion
Ten most embarrassing mistakes to avoid in French
Fred Dufour/AFP
Photo: AP
Simone Ramella
Latest news from The Local in Sweden

More news from Sweden at thelocal.se

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Norway

More news from Norway at thelocal.no