5.9.12

SAFRAN fined 500,000 euros for bribing Nigerian officials

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.

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