Elf former CEO sentenced for 'fictitious jobs' network at Swiss unit |
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Fri, 25 May 2007 16:34
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PARIS (Thomson Financial) - Former Elf chief executive, Loik Le Floch-Prigent, charged with maintaining a network of fictitious jobs at the group's Swiss subsidiary, was today given a suspended 15-month prison sentence, and fined 60,000 eur by the Paris criminal court.Le Floch-Prigent, who was chief executive of the French oil giant from 1989 to 1993, received a five-year prison sentence and 375,000 fine in 2003 for running massive slush funds at the formerly state-owned oil company, in one of France's biggest corruption trials.In January of the same year, Le Floch was also sentenced to 30 months imprisonment as part of the same corruption probe, in which former foreign minister Roland Dumas received gifts paid for by Elf from his mistress Christine Deviers-Joncourt.The Paris criminal court demanded that today's sentence be combined with Le Floch-Prigent's existing sentences.The former CEO already spent five and a half months under remand in 1996 and 14 months in prison from end-January 2003 to April 2004, before being released on health grounds.vicky.buffery@thomson.comafp/vb/lamCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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