You are being redirected to the story the piece of content is found in so you can read it in context. Please click the following link if you are not automatically redirected within a couple seconds:
en/conviction-of-3-former-elf-executives-global-witness-says-elf-system-would-not-have-existed-if-companies-had-to-publish-their-payments-to-govts#c25825

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

Author: Global Witness, Published on: 12 November 2003

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]

Read the full post here

Related companies: Elf Aquitaine (now part of Total) Total