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Vol 58 No 10

Published 12th May 2017


Guinea

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.

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