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Gabon
Swiss investigators unearth links between Gabonese minister and Santullo construction company

Launched in 2018, the preliminary investigation by the Swiss public prosecutor's office into possible corruption of Gabonese officials by Sericom, owned by the Santullo family, has uncovered links between the construction group and several ministers. [...]
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Gabon
Libreville on edge as French investigators examine Santullo affair emails

France has questioned former associates of the late Italian businessman Guido Santullo at Switzerland's request. The Swiss authorities have since 2018 been investigating the practices of Santullo's construction company Sericom, and have handed over a large number of documents to the French authorities.

LogoSubscribers only Finance, Business 19.05.2023

Gabon
Swiss inquiry into alleged Santullo backhanders takes on international dimension

After four years of Swiss investigations into the payments allegedly made by construction firm Sericom to senior Gabonese officials, the Office of the Attorney General is seeking assistance from other national jurisdictions. For its part, the Santullo family is still trying to unfreeze its accounts, but so far in vain.

LogoSubscribers only Business 08.07.2022

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

Gabon
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.

LogoSubscribers only Business 06.10.2020
Former Gabonese Minister of the Economy Magloire Ngambia.

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