Share

Total faces trial on Iran corruption charges

Paris - French oil giant Total was ordered on Tuesday to face trial over charges it bribed officials in Iran to acquire oil and gas concessions, according to a judicial source.

The firm will be charged with "corruption of foreign public officials", according to the source, in a case that dates back some 20 years.

The charges concern alleged bribes made to officials to secure rights to Iranian gas and oil fields in the 1990s and 2000s.

Last year, the French firm was forced to pay US authorities $398m (€320m) in fines over the charges.

The United States Justice Department said that Total intermediaries paid Iranian officials between 1995 and 2004 to obtain the rights to develop several oil and gas fields.

Former Total chief executive Christophe de Margerie, who was head of director of Total's Middle East department at the time of the alleged bribes, was last month ordered to stand trial over the affair.

However, De Margerie died in a plane crash in Moscow just days later, putting an end to the procedure against him.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.20
-0.0%
Rand - Pound
23.76
-0.2%
Rand - Euro
20.51
-0.3%
Rand - Aus dollar
12.39
-0.1%
Rand - Yen
0.12
-0.0%
Platinum
919.70
-1.2%
Palladium
1,000.50
-1.5%
Gold
2,304.17
-1.0%
Silver
26.84
-1.3%
Brent Crude
87.00
-0.3%
Top 40
67,862
+0.5%
All Share
73,878
+0.4%
Resource 10
59,160
-2.9%
Industrial 25
102,885
+1.8%
Financial 15
15,851
+1.5%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders