French billionaire formally investigated

The French billionaire industrialist, Vincent Bolloré, has been placed under formal investigation over the corruption of foreign public officials and complicity in corruption in West Africa.

It’s alleged that a subsidiary of the Bolloré Group undercharged two African presidents – in Guinea and Togo – for work on election campaigns, in return for lucrative contracts to manage two shipping container terminals.

Mr Bolloré – who’s spent two days being questioned by police – was allowed to leave after attending court. He and his company have denied any wrongdoing.

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