2010-03-24
An Oran court this week handed down indictments against five senior executives from the local office of Algerian energy company Sonatrach, Liberte reported on Tuesday (March 23rd). According to investigators, procurement contracts worth some 2 million euros were signed with a French industrial safety equipment manufacturer. The contract cost was allegedly ten times the actual value of the tools acquired.
The case is the latest in corruption allegations leveled against Sonatrach. In late January, Algeria launched a judicial investigation of CEO Mohamed Meziane and several other top executives for bribery, corruption and criminal conspiracy.
Source: Magharebia.com
Link: http://magharebia.com/en_GB/articles/awi/newsbriefs/general/2010/03/24/newsbrief-03.
An Oran court this week handed down indictments against five senior executives from the local office of Algerian energy company Sonatrach, Liberte reported on Tuesday (March 23rd). According to investigators, procurement contracts worth some 2 million euros were signed with a French industrial safety equipment manufacturer. The contract cost was allegedly ten times the actual value of the tools acquired.
The case is the latest in corruption allegations leveled against Sonatrach. In late January, Algeria launched a judicial investigation of CEO Mohamed Meziane and several other top executives for bribery, corruption and criminal conspiracy.
Source: Magharebia.com
Link: http://magharebia.com/en_GB/articles/awi/newsbriefs/general/2010/03/24/newsbrief-03.
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