Voice from the Commonwealth
Commentary, World Views and Occasional Rants from a small 'l' libertarian in Massachussetts

"If ye love wealth greater than liberty, the tranquility of servitude better than the animating contest for freedom, go home and leave us in peace. We seek not your council nor your arms. Crouch down and lick the hand that feeds you, and may posterity forget that ye were our countrymen." - Samuel Adams

Monday, March 17, 2003

I thought corrupt 'Big Oil' was a strictly American Capitalist invention.

Thirty-seven defendants will be asked to explain dirty dealings within France's political and business elite involving the embezzlement of some $200 million and former French oil giant Elf at a trial that opened on Monday.

The fruit of an eight-year investigation, the trial will expose the use of cash sweeteners to secure contracts for the then state-owned Elf in oil-rich countries, and how some of that cash slipped into the pockets of certain executives.

The trial will also rake up well-known sleaze like the kickbacks from an illegal arms deal secured via a now infamous liaison between then Foreign Minister Roland Dumas and a woman who dubbed herself "The Whore of the Republic".

It was France's biggest company and controlled by the state at the time of the alleged siphoning off of huge sums of cash into offshore bank accounts between 1989 and 1993.

< email | 3/17/2003 12:31:00 PM | link

<< Designed by Ryon

Western Civilization and Democracy Net Ring

The Western Civilization and Democracy Net Ring celebrates Western civilization and its universal values of individual freedom, political democracy and equal rights for all. All sites promoting human rights and democracy are welcome.

[Prev Site] [Stats] [Random] [Next 5 Sites] [List Sites] [Next Site]