Fidelity bank banner Bayelsa State banner
US busts Africa bribery schemes, nabs ringleaders

By Masood Farivar on 21/11/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 882


 The bribery scheme was hatched in the halls of the United Nations in New York and spanned several continents.

Chi Ping Patrick Ho, Hong Kong’s former Home Secretary, and Cheikh Gadio, a one-time foreign minister of Senegal, plotted to bribe high-level African officials to secure business rights for a Shanghai-based energy and financial conglomerate.

Their targets: Idriss Deby, the long-time president of oil-rich Chad, and Sam Kutesa, a Ugandan foreign minister who served as president of the U.N. General Assembly from 2014 to 2015.

According to a criminal complaint unsealed by U.S. prosecutors on Monday, Ho and Gadio engaged in a multi-year scheme to bribe Deby and Kutesa in exchange for “business advantages” for the energy company, a multibillion-dollar Chinese company that operates in the oil-and-gas and financial sectors.

Ho was arrested Saturday afternoon and appeared before a federal magistrate Monday, the Justice Department announced Monday.

Gadio, who served as foreign minister of Senegal from 2002 to 2009, was arrested in New York on Friday afternoon and presented to a federal magistrate Saturday. Both remain in federal custody.

The two men are charged with criminal bribery in violation of the Foreign Corrupt Practices Act (FCPA) and international money laundering.

The FCPA bars companies from bribing foreign officials to gain a business advantage. Acting Assistant Attorney General Kenneth A. Blanco said the scheme “involved bribes at the highest levels of two nations.”

“Their bribes and corrupt acts hurt our economy and undermine confidence in the free marketplace,” Blanco said in a statement.

According to the complaint, Ho and Gadio began plotting in 2014 when they met at the United Nations in New York.

At the time, Gadio ran a consulting firm while Ho headed a non-profit that received funding by the energy company.

The criminal complaint does not name the non-profit or the Chinese company behind it.

But a small outfit named China Energy Fund Committee fits the NGO’s description in the complaint.

On its website, CEFC describes itself as an NGO and “high end strategic think tank” and lists Dr. Patrick Chi Ping Ho as its deputy chairman and secretary general.

The non-profit says it is registered in Hong Kong and Virginia and is supported by “a special private grant fully sponsored by China Energy Fund Co. Ltd.”

CEFC China Energy Company Limited is “a private collective enterprise with energy and financial serves as its core business,” according to its website. The Shanghai- based company had revenue of $34 million (263 billion Chinese yuan) in 2015.

On Oct. 19, 2014, Ho met Kutesa at the United Nations. Kutesa had just begun his one-year term as president of the United Nations General Assembly.

A month later, Gadio allegedly advised Ho to “reward” the Chadian president with “a nice financial package.”

Two months later, Ho pledged a $2 million bribe to Deby on behalf of the energy company in exchange for obtaining lucrative oil rights from the Chadian government.

In exchange, Deby is alleged to have provided the energy company with “an exclusive” opportunity to obtain particular oil rights in Chad without facing international competition, according to the criminal complaint.

Gadio is alleged to have connected Ho with Deby and conveyed the $2 million bribe offer to Deby.

Ho is alleged to have paid Deby $400,000 for his services via wire transfers transmitted through New York.

In addition, the criminal complaint alleges, Ho paid a $500,000 bribe to Kutesa, the Ugandan foreign minister, in exchange for obtaining “business advantages” for the energy company, including the potential acquisition of a Ugandan bank.

Chad’s president and Uganda’s foreign minister were also offered gifts and promises of future benefits, including a share of profits generated by joint ventures between the energy company and businesses owned by the families of the foreign minister of Uganda and president of Chad, according to the criminal complaint.

FBI Assistant Director In Charge William Sweeney of the New York Field Office said Ho and Gadio “were allegedly willing to throw money at the leaders of two countries to bypass the normal course of business, but didn’t realise that using the U.S. banking system would be their undoing.”

Chad and Uganda are ranked the 15th and 25th most corrupt countries in the world, according to Transparency International’s 2016 Corruption Perceptions Index.

The embassy of Chad in Washington and Uganda’s mission to the United Nations in New York did not respond to requests for comment.

•Text courtesy of VOA.

 

Source News Express

Posted 21/11/2017 12:15:29 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
FG to feed 1m Katsina pupils

Buhari signs amended Crime Prevention Act, 7 other...

FRSC identifies reason for increased road crashes

Katsina, Abeokuta to host Federation Cup semi-final ties...

Documents state Dokpesi’s complicity in N2.1bn ONSA fraud...

9 Kogi workers die due to non-payment of...

South East governors under pressure over $800 million...

CAC introduces 24-hour company registration process

Buhari will redeem his 2015 electoral promises: Saraki...

Senate passes Nigerian Peace Corps Bill

World Cup: France, Brazil, Uruguay, Belgium battle for...

Shell, Eni to stand trial on alleged Nigeria...

 

Latest News Nigeria needs national maritime policy — Enwelu, NCMDLCA Apapa Boss Stranded Nigerians in Russia back in Abuja Where politics disunites, football unites NELMCO’s example in public assets disposal, By Abdulahi Ibrahim BREAKING: Aregbesola’s Chief of Staff floors Reps Deputy Speaker, others to emerge Osun APC guber candidate 2019: All set for Atiku's declaration for president Court fines hospital N.5m for detaining baby’s corpse, parents UNN set to export ginger to USA 2019 election: 8 PDP governorship aspirants opt for consensus in Kaduna Violence, late arrival of election materials characterise Osun APC guber primaries Forex: CBN flags off sale of Chinese Yuan Gunmen storm Zamfara market; kill 2, injure others

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (363,251 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (359,041 views) Shameless Genevieve Nnaji exposes breasts in public (287,443 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (235,885 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (215,176 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (212,889 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (186,974 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (168,925 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (156,539 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (153,225 views) Lagos plane crash: Journalist releases victims’ names (147,991 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (139,137 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (52) Business & Economy (3,363) Business Verdict (47) Columnists (890) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (516) Features (616) Global Business Monitor (286) International (2,148) Interview (158) Live Commentary (28) Love Matters (127) News (37,319) Opinion (1,024) Pidgin (10) Politics (5,627) Religion (787) Sports (1,612) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Nigerian detainees send SOS from Osama prison

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement