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BUSINESS >France's SAFRAN fined 500,000 euros for Nigeria bribery

PARIS - Agence France-Presse

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A file picture taken on February 21, 2012 shows the entrance of the new premises of Labinal plant (a branch of French aerospace and defence group Safran), specializing in aeronautic cabling, in Villemur-sur-Tarn, near Toulouse, southwestern France. AFP photo

A file picture taken on February 21, 2012 shows the entrance of the new premises of Labinal plant (a branch of French aerospace and defence group Safran), specializing in aeronautic cabling, in Villemur-sur-Tarn, near Toulouse, southwestern France. AFP photo

A French court on Wednesday fined electronics group SAFRAN 500,000 euros ($630,000) for bribing Nigerian officials to obtain a huge ID card contract.
 
The case concerned offences committed by former electronics firm SAGEM, which merged with company SNECMA in 2005 to form SAFRAN, a major French electronics, aerospace and defence group.
 
The charges stem from allegations by former Nigerian president Olusegun Obasanjo that between 2000 and 2003 SAGEM executives paid Nigerian officials bribes ranging from $30,000 to $500,000 to win the $214 million identity card contract.
 
The court dropped charges against two former SAGEM executives: Jean-Pierre Delarue, then a sales manager with the company in Nigeria, and Francois Perrachon, then the company's director for identification systems in Paris.

September/05/2012

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