Saturday, September 22, 2012

Ex-Elf boss extradited to Togo in fraud probe

BBC reports:  Former French oil chief executive Loik Le Floch-Prigent has been extradited from Ivory Coast to Togo on suspicion of involvement in a massive fraud... The 68-year-old was detained on Saturday as part of an investigation into a complaint from a businessman who alleged that he was victim of a $48m (£30m) fraud scheme, according to AFP news agency... Mr Le Floch-Prigent has served a five-year sentence for embezzling more that $350m of public funds during his reign at Elf. He currently works as an oil industry consultant, reports say.

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