Tuesday, 2nd February 2016A verdict was reached in the high-profile corruption trial of former executives at Algeria's state energy giant, Sonatrach. Six officials were handed between five to six years of jail sentences, including a former vice president and an ex-state bank chief. Two local subsidiaries and two international companies were fined for having played their role in illegal trading.
Sunday, 1st November 2015Nigeria’s Economic and Financial Crimes Commission (EFCC) has announced that seven men have been jailed for 10 years after being arrested with nearly 1,500 tonnes of contraband petrol, the Business Standard reported.
Wednesday, 25th March 2015A former principal vice president of US-based Bechtel Corp. was sentenced to 42 months in prison for accepting $5.2 million in a scheme to manipulate bidding for power contracts in Egypt.