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Thursday, April 16, 2015
Bourbon issued a statement recently regarding a bribery investigation into its dealings in West Africa that was launched a couple of years ago and the fact that it is being seen as guilty when it should be entitled to the presumption of innocence.
The company said that following the arrest of its former tax manager at the airport of Marseille-Provence while he was returning from Africa in possession of approximately €190,000 in cash in October 2012, a judicial investigation was initiated in Marseille.The tax manager was immediately dismissed and was subsequently placed under formal investigation for bribery of foreign public officials, specifically in Cameroon, Equatorial Guinea, and Nigeria in connection with the tax audits of local entities in 2011 and 2012.
Some of the members of the company’s executive management were also placed under formal investigation in April and November 2013 for complicity in bribery, and as a consequence, the legal entity Bourbon SA was placed under formal investigation for the same charge, this week.
According to Bourbon’s statement the company “operates in complex environments. Its activities are carried out in strict compliance with the laws of each country and Bourbon attaches great importance to compliance with anti-bribery regulations. Moreover, these events have encouraged the group to strengthen its policies, procedures and training programs in relation to ethics and compliance and in particular those regarding the fight against bribery.”
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