The Hersant newspaper group disintegrated a few years ago, following massive job losses, the closure of titles and insolvencies. However the demise of this once-powerful group which had owned close to 50% of the national and local French press, is still having an impact in French overseas territories where it also had a strong base. Julien Sartre reports on the lingering effects of the fall of a newspaper empire which had influence around the globe.
Many experts in Africa want to see an end of the 'CFA franc', the currency backed by the French Treasury which was created 70 years ago and still used by 14 former colonies on the continent. But as Fanny Pigeaud reports in this second and concluding article on Africa's 'Franc Zone', the French authorities take a dim view of any criticism of the currency.
France's African colonies were finally given independence around 70 years ago but one throwback to that era still remains – control by Paris of its former colonies' currency. The 'CFA franc', guaranteed by the French Treasury, is the legal tender in 14 west and central African nations. As Fanny Pigeaud reports in the first of two articles, many African economists are critical of the 'Franc Zone', which many feel holds back economic development.
French criminal investigators have established a financial link between the recent carbon trading fraud – the biggest crime of its kind France has ever seen – and Latin American cocaine cartels. In particular the money trail points to a connection between the massive fraud and the infamous Sinaloa Cartel, whose boss is the drugs baron Joaquín 'El Chapo' Guzmán. Fabrice Arfi reports.
Gabonese president Ali Bongo is seeking a second term of office in elections due in August in the former French colony, where the economy is bled by rampant corruption, a legacy of his father Omar, for decades a key French ally in Africa. But the legitimacy of Ali Bongo’s rise to power in 2009, and his bid for reelection, is thrown into doubt over suspicion that his birth certificate is a fake, and that he is in fact an adopted Nigerian, for the constitution of Gabon prohibits naturalized citizens from running for the presidency. Mediapart has gained access to a document showing the French presidency has stepped into the controversy to announce the certificate is “authentic”, despite growing evidence to the contrary. Fabrice Arfi reports.
Donald Trump’s election campaign manager Paul Manafort is suspected by a French judicial investigation of having signed a fake contract with Paris-based arms dealer Ziad Takieddine to help the latter hide the real origin of cash seized by customs officers which he had smuggled into France from Switzerland. The incident occurred at the height of what has become known as the “Karachi Affair”, involving suspected illegal funding of former French prime minister Édouard Balladur’s 1995 presidential election campaign. Manafort is also suspected by the investigation of having invoiced the Balladur camp for unnecessary opinion polls during the campaign. Karl Laske and Fabrice Arfi report.
Serge Dassault, the head of the aviation and defence group that bears his name, a right-wing senator and France's sixth richest person, is accused of laundering the proceeds of tax fraud and of hiding part of his wealth from Parliamentary authorities. The trial, which started on Monday July 4th, focuses on cash hidden in offshore accounts which was allegedly later used to buy votes in the town near Paris where Dassault was mayor. As Yann Philippin reports, the origins of some of these accounts goes back to the days of Serge Dassault's father Marcel, who founded the aviation group.
Was Société Générale's determination to hold on to a 2.2-billion-euro tax rebate partly behind the French bank's motivation to pursue its “rogue trader” Jérôme Kerviel with such zeal? That is a question raised by a report written for French prosecutors in May 2008 and now seen by Mediapart and other French media as part of a joint investigation. As Martine Orange reports, it appears this important report was first ignored by the judicial authorities and then shredded.
The French government’s labour law reform bill, now being debated in the Senate, has prompted fierce opposition from several trades unions, massive demonstrations across the country, and a deep political and social crisis. Opinion polls show a majority of the population are opposed to the bill, which reduces current protection for employees with measures that include easing conditions for firing staff and placing a ceiling on compensation sums awarded by industrial tribunals. But the government is adamant it will not negotiate the bill's contents. Martine Orange investigates the reasons for its unusual intransigence, and discovers evidence that the most controversial texts of the bill were demanded by European Union economic liberals.
French businessman Arnaud Mimran, who stood trial in Paris last month for his alleged key role in a massive carbon trading fraud, and who is also placed under investigation in a separate case of kidnapping, set up a company in Israel with French MP Meyer Habib, a close acquaintance of Israeli Prime Minister Benjamin Netanyahu. Following denials and later admissions from Netanyahu over receiving funding from Mimran, the latter’s relationship with the Israeli PM’s entourage is further revealed by the company, which was created by, and domiciled at, the legal practice of Netanyahu’s lawyer. Fabrice Arfi reports.
