French billionaire businessman detained over alleged corruption in Africa

The police questioned Bollore over his group's acquisition of rights to operate ports in Africa, legal sources told AFP.

The police questioned  Bollore over his group's acquisition of rights to operate ports in Africa, legal sources told AFP.

The business tycoon, who only a few days ago  stepped down as chairman of media giant Vivendi, was allegedly involved in  corrupt business practices in the African countries, including Nigeria, where he owns transport and logistics businesses that boasts of 25,000 employees.

The 66-year-old CEO of the Bollore Group, which also has interests in construction, media, advertising and shipping, was taken into custody as part of an investigation into the group’s management of Lome port in Togo and Conakry port in Guinea, reports said.

Shares in his holding company Groupe Bollore SA fell around six percent on the news of his police interrogation, while shares in Vivendi also fell around one percent.

Local press reported that Bollore was being quizzed in Nanterre, on the western outskirts of Paris.

But Bollore group as a company denied any wrongdoing.

"The Bollore group formally denies that its subsidiary at the time SDV Afrique is guilty of any irregularities," said a statement later sent to AFP.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Wajackoyah reveals how his presidential campaign is being funded

Wajackoyah reveals how his presidential campaign is being funded

Babu Owino and Kenya Kwanza opponent pledge peace ahead of August election

Babu Owino and Kenya Kwanza opponent pledge peace ahead of August election

Transport CS issues new rules for using Nairobi Expressway

Transport CS issues new rules for using Nairobi Expressway

Murathe warns Ruto, investigating Uhuru may lead to a coup

Murathe warns Ruto, investigating Uhuru may lead to a coup

DCI recovers pistol used to rob over Sh10 million, three suspects shot dead

DCI recovers pistol used to rob over Sh10 million, three suspects shot dead

Questions raised over lost cars, motorcycles in four ministries

Questions raised over lost cars, motorcycles in four ministries

Moi University set to sack staff

Moi University set to sack staff

Kiswahili introduced in Uganda as an official language

Kiswahili introduced in Uganda as an official language

Uhuru describes 2022 drought as worst in 40 years

Uhuru describes 2022 drought as worst in 40 years