November 29
Show news feed

A court in Paris fined Total for €500,000 amid corruption in Iran, AFP reported

According to the source, the court found the company guilty of bribing an official during the signing of a gas supply deal in 1997.

“But in the end the multinational was only tried for the $30 million it paid in connection with South Pars after 2000, when a new French law on "corruption of foreign public officials" came into effect,” the source noted.

The prosecutor's office demanded €750 thousand and confiscating funds from the company in the amount of €250 million which is reportedly equivalent to the potential benefit received from the bribe.

This text available in   Հայերեն and Русский