Total boss says unaware of any US corruption probe

5th April 2007, Comments 0 comments

PARIS, April 5, 2007 (AFP) - The head of French oil group Total said Thursday he had not been informed of an investigation by US authorities into the company's activities in Iran and Iraq.

PARIS, April 5, 2007 (AFP) - The head of French oil group Total said Thursday he had not been informed of an investigation by US authorities into the company's activities in Iran and Iraq.

"I have not received anything (from US authorities)," chief executive Christophe de Margerie told reporters on the sidelines of an oil industry conference here.

The Financial Times newspaper, citing unnamed sources, had reported Tuesday that the US Department of Justice was probing Total's activities amid suspicions the company may have broken US laws against overseas bribes.

The sources told the paper the inquiry was at a preliminary stage and that investigators would seek an informal interview with Margerie.

The Total boss has already been targeted in French corruption probes into the Iraq "oil-for-food" bribes scandal and, more recently, a major gas deal signed by Total in Iran in 1997.

He was put under investigation by a French judge last month after being detained by police on suspicions of "corruption of foreign public agents and misuse of corporate assets," a judicial source told AFP at the time.

Total denies any wrongdoing.

Copyright AFP

Subject: French news

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