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. [...]
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Africa, Switzerland
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.

LogoSubscribers only Finance 12.04.2022

Gabon
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.

LogoSubscribers only Business 06.04.2022

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