Public Management

Bolloré Faces New Lawsuit in France Over Corruption in Africa

Bolloré Faces New Lawsuit in France Over Corruption in Africa
Thursday, 20 March 2025 08:57

Eyes are on French authorities to see how they handle this complaint. In two of the five cases, one was dismissed, and the other led to a settlement. The plaintiffs want what they consider stolen funds to be returned to the African communities affected.

A coalition of 11 non-governmental organizations from five African countries has filed a complaint in France against the Bolloré Group, accusing the company of money laundering and handling stolen assets. The complaint, submitted to France’s National Financial Prosecutor’s Office on March 19, is based on documented investigations spanning several years.

The lawsuit seeks criminal prosecution as well as the return of nearly €5.7 billion ($6.22 billion) in alleged illicit gains. Vincent Bolloré (pictured), the group's main figure, and his son are also targeted in the case. The organizations, united under the collective "Restitution for Africa" (RAF), are demanding not only prison sentences for those involved but also the seizure and redistribution of the disputed funds to affected African communities.

The French conglomerate is accused of benefiting from corruption, favoritism, and influence peddling to secure port concessions in Cameroon, Ghana, and Côte d'Ivoire. In Togo and Guinea, the company allegedly provided services to national leaders through its media division—formerly known as Havas—to protect its business interests in the logistics sector.

Eyes are on French authorities to see how they handle these allegations, particularly those linked to Togo and Guinea. In a previous case in 2021, a corruption charge against Bolloré related to its operations in Guinea was dismissed due to the statute of limitations, rather than a lack of wrongdoing. Meanwhile, in Togo, the company admitted to corruption and agreed to pay a €12 million fine.

Following that case, Bolloré pledged to strengthen its compliance measures against financial misconduct. However, the RAF collective argues that these efforts are insufficient and insists that any recovered funds should be returned to the affected African communities, not just the French Treasury.

In 2022—one year after reaching the settlement with French authorities—Bolloré sold its port operations to the Italian-Swiss shipping giant MSC.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing package to Invictus Investment Company PLC (ADX:...
Burkina Faso restructures public funds into four targeted financing mechanisms New funds aim to streamline spending, improve oversight, and reduce...
Zenith Bank explores East African expansion, holds talks with regulators Denies reports of confirmed Paramount Bank acquisition in...
Cameroon backed $44.9M in BDEAC loans to three private firms Treasury guarantees cover 50% of loans for hotel, plant, logistics projects...
Most Read
01

China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...

South Africa Loses More Support as Xi Jinping Also Skips the G20 Summit
02

DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...

DRC, Eyeing AI for Farms and Mines, Seeks to Launch Academy with China’s Huawei
03

Powered exclusively by Rolls-Royce Trent 7000, delivering 14 % lower fuel burn per seat and f...

Airbus Delivers First of Ten Rolls-Royce Trent 7000-Powered A330-900neo to Air Algérie
04

Nigeria’s NIP ranks among the world’s largest real-time payment platforms, underscoring its centra...

Africa’s Real-Time Payments Acceleration Signals a New Era of Competition and Integration
05

After two years of limited testing, WhatsApp will soon let users and businesses hide their phone num...

WhatsApp to Launch Usernames in 2026, Changing How Customers Reach Businesses
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.