The Swiss court upheld today, Friday, a ruling fining the son of the former oil minister in the era of Gaddafi, Mohammed Ghanem, who resides in Bahrain, with $1.5 million on charges of corruption.
Mohamed Ghanem and his lawyer, Jean-Marc Carnezi, were notified on October 18 to uphold a $1.5 million fine imposed last year on his conviction for passive corruption of foreign public officials.
The case depended on the payment of $1.5 million in 2007 in the account of one of Ghanem’s subsidiaries to facilitate the establishment of the Norwegian Yara Fertilizers Company in Libya and the establishment of a joint venture with the National Oil Corporation, which brought the case to the court.
Adapted from Africa Intelligence