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<title>Keyword: andretarallo</title>
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<title>Elf executives are jailed over &#x26;#xA3;210m &#x26;#x2018;black box&#x26;#x2019; fraud</title>
<link>https://freerepublic.com/focus/f-news/1020527/posts</link>
<description>France&#x26;#x2019;s longest-running political and corporate corruption scandal ended yesterday with prison sentences and fines for 23 former executives at the Elf oil company and their associates.Loik le Floch-Prigent, 57, Elf&#x26;#x2019;s chief executive between 1989 and 1993, authorised the embezzlement of &#x26;#xA3;210 million while Elf was state-owned. The money went on bribes for politicians and middlemen and lavish lifestyles for senior Elf executives.He was jailed for five years and fined &#x26;#xA3;260,000.Nadhmi Auchi, a British billionaire, was given a two-year suspended prison sentence and fined &#x26;#xA3;1.4 million. Auchi, who fled his native Iraq under Saddam Hussein, was found guilty of accepting illegal...</description>
<author>The Telegraph (UK)</author>
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<pubDate>Thu, 13 Nov 2003 02:31:21 GMT</pubDate>
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