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Vol 49 No 14

Published 4th July 2008

Côte d'Ivoire

Skimming a bad system

Côte d'Ivoire's Public Prosecutor, Raymond Tchimou, is leading a crackdown on corruption in the cocoa industry, which accounts for 40% of world supply. On 13 June, Tchimou announced the findings of an enquiry ordered by President Laurent Gbagbo the previous October, prompted by accusations of money laundering linked to the CFA 9 bn. ($22 mn.) purchase of a 102-year-old Nestlé factory in Fulton, New York state, United States, by one of Côte d'Ivoire's cocoa institutions, the Fonds de Régulation et de Contrôle.

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