Elf scam executive Sirven released on bail

14th May 2004, Comments 0 comments

PARIS, May 13 (AFP) - Alfred Sirven, who was one of the three top executives at the oil group Elf convicted of corruption last year, was released from jail Thursday after an appeal court granted him bail.

PARIS, May 13 (AFP) - Alfred Sirven, who was one of the three top executives at the oil group Elf convicted of corruption last year, was released from jail Thursday after an appeal court granted him bail.

Sirven, who is 77, agreed to pay EUR 150,000 (USD 177,000) and not to leave France. He was serving a five-year term, and had been in jail since early 2001 when he was extradited from the Philippines.

The two other principal defendants in last year's trial, former Elf president Loik Le Floch-Prigent and its Africa director Andre Tarallo, have also been released recently on medical grounds.

The three were all found guilty of enriching themselves with around 360 million dollars (305 million dollars) from secret Elf bank accounts.

© AFP

Subject: French news

 

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