The businessman had negotiated a deal with the French financial prosecution unit, the Parquet National Financier, under the terms of which he would have only received a fine of 375,000 euros over a corruption case in West Africa. But on Friday February 26th a court in Paris rejected the plea bargain agreement, ruling that it was too favourable to Vincent Bolloré, whose group has a string of economic interests in African countries. Fabrice Arfi and Yann Philippin report.
French billionaire Vincent Bolloré, whose Bolloré Group owns a 20 percent stake in media giant Vivendi, has announced his son Yannick is to replace him as chairman of Vivendi's supervisory board, a hereditary handown after corporate raider Bolloré senior's four years at the helm.
