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GABON

Santullo family threatens Ali Bongo over invalidated arbitration

Following the Paris Court of Appeal's decision to annul the arbitration forcing Gabon to pay CFA francs 90bn to Sericom, Guido Santullo's heirs have sent a very threatening letter to the Gabonese president. [...] (375 words)

Issue dated 18/04/2022 Reading time 2 minutes

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Business

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GABON
Ali Bongo
Ana Attalah
ANPI
BGFI
Groupement Santullo
Guido Santullo
Karen Santullo
Lydie Relongoue-Bevignat
Magloire Ngambia
Maixent Accrombessi
Nina Abouna
Sericom

Dismissed in Libreville in its dispute with Orabank, Titane Constructions turns to the CCJA

For two years, the company Titane Constructions has been seeking compensation after the public auction of a piece of land valued at nearly €20m by the bank Orabank. The matter has been referred to the Ohada Common Court of Justice and Arbitration. [...]

GABON SWITZERLAND Politics 01/09/2022

Santullo family remain in banking limbo

Guido Santullo's family is trying to have at least one of his Swiss accounts, all of which have been frozen since 2018, released. This request was just rejected by the Swiss justice system, which is investigating corruption allegedly committed by the Italian construction contractor in Gabon. [...]

AFRICA SWITZERLAND Finance 12/04/2022

Santullo family assets in at least five Swiss banks still frozen amid graft probe

Sericom, the Italian construction group founded by the late Guido Santullo, continues to face legal proceedings in France and Switzerland over allegations of bribery. Earlier this month, Santullo's family conclusively lost a long legal fight to recover some 90bn CFA francs (about $150m) it says Gabon owes it in unpaid invoices. [...]

GABON Business 06/04/2022

Gabon succeeds in having arbitration forcing it to pay 90bn CFA francs to Santullo annulled

In 2019 Gabon was ordered by a Paris arbitration panel to pay the equivalent of €137m in unpaid invoices to the late Guido Santullo's Sericom construction group. On Tuesday, the country managed to have that arbitration overturned arguing that the Italian contractor had obtained its contracts by paying Gabonese officials. [...]

GABON Politics 10/11/2021

Libreville audits state contractors in hope of reducing external debt

While President Bongo is busy travelling to foreign capitals, in Saudi Arabia, Scotland and Morocco just a few days ago and this week in France, back at home a small team has been busy auditing foreign companies carrying out state contracts, and fining those who are not on schedule. [...]

GABON Politics 29/04/2021

Brice Laccruche to be charged with birth certificate forgery

The trial of Brice Laccruche Alihanga is due to resume today. Ali Bongo's former chief of staff has been detained for more than a year during his prosecution for embezzlement. Now forgery has been added to his charge sheet. [...]

Ali Bongo's former chief of staff Brice Laccruche Alihanga.

GABON Business 06/10/2020

Despite Ngambia's release in Libreville, Santullo probe continues in Switzerland

Magloire Ngambia was released from his three-year prison sentence for embezzlement of public funds on 24 September but still stands accused of passive corruption that helped out the late Italian entrepreneur Guido Santullo. The Swiss federal public prosecutor has frozen 65m Swiss francs on the deceased public works magnate's accounts. [...]

Former Gabonese Minister of the Economy Magloire Ngambia.

GABON Business 09/06/2020

The Bongo family's sky-high surprise

Gabon's presidential family had until now been blissfully unaware that it does not actually own the two Boeings and Bombardier Global that it uses to jet around. After recently learning otherwise, it is having trouble working out who does control the planes. [...]

The Boeing 737 registering as P4-BBJ, frequently used by Sylvia Bongo.

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GABON
Ali Bongo
Ana Attalah
ANPI
BGFI
Groupement Santullo
Guido Santullo
Karen Santullo
Lydie Relongoue-Bevignat
Magloire Ngambia
Maixent Accrombessi
Nina Abouna
Sericom

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