popular articles

French Bourbon group executives jailed

Firm prison sentences have been requested against Bourbon's top executives, accused of bribery of foreign public officials in Africa.
Prison Dirigeants Bourbon Corruption

Please share:

The French group Bourbon, a specialist in marine assistance to the oil industry, is at the center of a corruption scandal involving its most senior executives. Following the trial, the prosecutor requested prison sentences for Gaël Bodénès, Laurent Renard and Christian Lefèvre, accused of orchestrating corruption operations in three African countries. These practices were aimed at obtaining significant reductions in tax reassessments in Equatorial Guinea, Cameroon and Nigeria.

Tax breaks through corruption

In Equatorial Guinea, a sum of 400,000 euros was allegedly paid in February 2011 to reduce an initial tax reassessment of eight million euros to 44,849 euros. In November 2011, tax inspectors in Cameroon reportedly received 150,000 euros to save Bourbon Offshore Surf from paying eleven million euros in taxes. In Nigeria, in October 2012, two auditors were allegedly bribed to reduce a tax reassessment from $227 million to $4.1 million, in return for payments totalling $2.7 million.

Sanctions requested by the public prosecutor

Prosecutor Jean-Yves Lourgouilloux called for stiff penalties for the managers involved. Gaël Bodénès and Laurent Renard face two years’ imprisonment, suspended for one year, and a fine of 100,000 euros each. Christian Lefèvre could face three years’ imprisonment, eighteen months suspended, and a fine of 150,000 euros. All three could also be banned from all professional activities for five years.

Role of other executives

The Marseilles Criminal Court also heard charges against other Bourbon executives. Rodolphe Bouchet, current director of Bourbon Marine and Logistics, could be sentenced to eighteen months in prison, one year suspended, and a fine of 70,000 euros. Two other managers face a one-year suspended prison sentence and a 30,000 euro fine each. According to the Public Prosecutor, these measures are aimed at suppressing a “considered and assumed strategy” of corruption to maintain Bourbon’s position in these countries.

Defense and prospects

The defendants will present their defense on Wednesday and Thursday. They will have to answer charges that they knowingly broke the law to protect Bourbon’s financial interests. On the other hand, this trial highlights the ethical and legal challenges that companies face in complex and often corrupt economic environments. The outcome of this trial could have a significant impact on Bourbon’s reputation and future operations.

Reflections on the energy sector

This corruption case highlights the continuing difficulties in the energy sector, where companies have to navigate between commercial competitiveness and ethical integrity. Transparency and regulatory compliance are becoming increasingly crucial for industry players, in the face of growing scrutiny of international business practices. The Bourbon trial could also serve as an example to other companies of the consequences of corruption and the importance of ethics in business.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Belgium’s federal parliament has adopted a law authorising the extension of Doel-4 and Tihange-3 reactors and allowing new nuclear construction, ending the nuclear phase-out policy established in 2003.
The re-elected Australian government is investing heavily in storage, critical minerals and domestic production to meet its target of 82% renewable electricity by 2030.
The re-elected Australian government is investing heavily in storage, critical minerals and domestic production to meet its target of 82% renewable electricity by 2030.
The US House budget bill outlines a gradual phaseout of tax credits, affecting financing for solar, wind, storage, and clean hydrogen initiatives.
The US House budget bill outlines a gradual phaseout of tax credits, affecting financing for solar, wind, storage, and clean hydrogen initiatives.
China's gas, oil and coal volumes remain above last year’s levels, despite a decline in April compared to the record highs of March.
China's gas, oil and coal volumes remain above last year’s levels, despite a decline in April compared to the record highs of March.
The UK’s energy price cap is expected to fall to £1,720 ($2,187) in July, according to Cornwall Insight, due to recent movements in wholesale markets.
The European Commission releases data on the REPowerEU plan, confirming a sharp drop in Russian fossil fuel purchases and announcing new legislative measures by June.
The European Commission releases data on the REPowerEU plan, confirming a sharp drop in Russian fossil fuel purchases and announcing new legislative measures by June.
A partnership between the Indian government and GEAPP provides financial and operational support to early-stage climate-tech firms as part of a national energy strategy.
A partnership between the Indian government and GEAPP provides financial and operational support to early-stage climate-tech firms as part of a national energy strategy.
A $150mn financing package, including $100mn from the World Bank, will support the modernisation of Uzbekistan’s power grid and integration of renewable energy in key regions.
A $150mn financing package, including $100mn from the World Bank, will support the modernisation of Uzbekistan’s power grid and integration of renewable energy in key regions.
A report from the Public Policy Forum calls for accelerating over 500 energy, critical minerals and infrastructure projects to generate CAD1 100bn in Canadian GDP growth.
Quebec opens public consultation on draft regulations to revise gas standards and frame the integration of hydrogen, with feedback expected by 27 June.
Quebec opens public consultation on draft regulations to revise gas standards and frame the integration of hydrogen, with feedback expected by 27 June.
The Danish government is assessing the possibility of authorising new nuclear technologies, marking a major regulatory shift in energy policy after four decades of prohibition.
The Danish government is assessing the possibility of authorising new nuclear technologies, marking a major regulatory shift in energy policy after four decades of prohibition.
The Spanish government confirmed no signs of cyberattack were identified after the 28 April blackout that affected much of the Iberian Peninsula.
The Spanish government confirmed no signs of cyberattack were identified after the 28 April blackout that affected much of the Iberian Peninsula.
South African authorities are advocating for an approach that integrates economic development and environmental protection, highlighting global imbalances in climate responsibility.
The European Commission is considering changing environmental laws to accelerate the granting of permits for renewable energy projects across the European Union.
The European Commission is considering changing environmental laws to accelerate the granting of permits for renewable energy projects across the European Union.
Spain’s competition authority has launched its own investigation into the April 28 power outage, joining ongoing inquiries into an incident that disrupted 60% of the country's electricity consumption.
Spain’s competition authority has launched its own investigation into the April 28 power outage, joining ongoing inquiries into an incident that disrupted 60% of the country's electricity consumption.
German regulator BNetzA has launched a consultation on a major grid tariff reform that could require electricity producers to pay access fees, thus altering the current funding structure.
German regulator BNetzA has launched a consultation on a major grid tariff reform that could require electricity producers to pay access fees, thus altering the current funding structure.
The U.S. Department of Energy will purchase three litres of helium-3 from Interlune by 2029, marking the first public contract involving a natural resource extracted from the lunar surface.
Iran will limit daily power cuts to two hours for households starting May 10, aiming to ease pressure on the national electricity grid as temperatures climb.
Iran will limit daily power cuts to two hours for households starting May 10, aiming to ease pressure on the national electricity grid as temperatures climb.
The French government has entrusted Bernard Fontana with the leadership of EDF, relying on his industrial background to manage the end of the Arenh and revive the nuclear programme.
The French government has entrusted Bernard Fontana with the leadership of EDF, relying on his industrial background to manage the end of the Arenh and revive the nuclear programme.
Germany’s new Economy Minister, Katherina Reiche, plans 20 gigawatts of gas-fired plants to address the limits of renewable energy.
Germany’s new Economy Minister, Katherina Reiche, plans 20 gigawatts of gas-fired plants to address the limits of renewable energy.
Prime Minister François Bayrou confirmed that France’s 2025–2035 energy roadmap remains under discussion and will only be finalised after parliamentary debates starting on 16 June.
The re-election of the Albanese government reassures energy stakeholders calling for regulatory adjustments to accelerate projects and secure long-term investment.
The re-election of the Albanese government reassures energy stakeholders calling for regulatory adjustments to accelerate projects and secure long-term investment.
SOGARA is launching a two-phase modernisation programme to increase the country's energy autonomy by 2030, with financing primarily from external sources.
SOGARA is launching a two-phase modernisation programme to increase the country's energy autonomy by 2030, with financing primarily from external sources.
Suriname has launched a pre-distribution programme of its future oil revenues, offering a $750 bonus to more than 570,000 citizens well before the start of offshore production scheduled for 2028.
Suriname has launched a pre-distribution programme of its future oil revenues, offering a $750 bonus to more than 570,000 citizens well before the start of offshore production scheduled for 2028.

Advertising