Jump to navigation

Vol 58 No 10

Published 12th May 2017


Thiam verdict makes waves

After a six-day trial, former Mining Minister Mahmoud Thiam was convicted in a New York court on 3 May of laundering US$8.5 million in bribes relating to mining licence corruption in Guinea. He faces up to ten years in prison. Thiam admitted accepting cash from the China International Fund (CIF) and China Sonangol International. The jury did not believe his claim that it was a personal loan from Sam Pa, head of the shadowy Hong Kong-based collection of businesses dubbed '88 Queensway', one London address used by China Sonangol.

End of preview - This article contains approximately 385 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.