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Conviction of 3 former Elf executives - Global Witness says Elf system would not have existed if companies had to publish their payments to govts.

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Author: Global Witness

Le verdict de culpabilité des trois plus grands cadres supérieurs de l’ancienne compagnie nationalisée Elf est un coup de poing pour la corruption dans le domaine pétrolier mondial. Bien que largement accueilli, le verdict n’effacera pas le douloureux héritage qu’Elf laisse en Afrique: corruption, pauvreté et souffrance.

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12 November 2003

Elf verdict [in French court] jails the guilty, but their bitter legacy remains

Author: Global Witness

The conviction for embezzlement of three senior executives of the former French state oil company, Elf, is a blow against corruption in the global oil industry..."If oil companies were required to publish all their payments to governments, and governments to disclose their payments from companies, then the Elf system could never have come into being," Hayman [Gavin Hayman of Global Witness] added. [Also refers to Total, formerly TotalFinaElf, which is trying to differentiate itself from the behaviour of the convicted executives]

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