GTB 737 banner Yudala banner

Corruption: U.S. court sentences ex-Guinea minister to 7 years in prison

By Brendan Pierson on 26/08/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 312

•Convicted Guinean former minister Thiam
•Convicted Guinean former minister Thiam

A former Guinea government minister was sentenced to seven years in prison on Friday following his conviction of laundering $8.5 million in bribes that U.S. prosecutors say he took in exchange for helping a Chinese conglomerate secure mining rights.

The sentence, as imposed by U.S. District Judge Denise Cote in Manhattan federal court, was less severe than the more than ten years suggested by federal guidelines. Cote said she had considered the good that Thiam, a U.S. citizen, had done for his native country when he returned there to take the government job in 2009.

“I find he went to Guinea to help, not to rob it,” the judge said. “I find he did help in many ways.”

“He saw corruption all around him, and decided ultimately to succumb to corruption,” she said.

Thiam’s lawyer, Aaron Goldsmith, said after the sentencing he would appeal the conviction, adding the sentence was “better than we feared, not as good as we hoped.”

“We feel very strongly that there is a lack of evidence sufficient to prove Mr. Thiam’s intent to accept the payment as a bribe,” Goldsmith said.

Thiam, 50, was convicted by a jury in May of one count of money laundering and one count of engaging in transactions in property with a criminal source.

The case is one of several corruption cases around the world tied to Guinea’s mining sector.

Prosecutors sought to prove that Thiam took bribes from Chinese tycoon Sam Pa, and that in exchange, Thiam helped secure lucrative mining rights in Guinea for a joint venture of the China International Fund and China Sonangol, closely tied to Pa.

The prosecutors presented bank records showing that Thiam opened a bank account in Hong Kong to receive the money and later wired it to the United States. They said Thiam used the money to fund a lavish lifestyle, including a mansion north of New York City and private schools for his children.

Thiam, who worked as an investment banker in New York before moving to Guinea, admitted on the witness stand that he had taken money from Pa, but said it was a personal loan.

Thiam also admitted that he lied repeatedly to banks about the source of the money and concealed the fact that he was a government minister in Guinea. (Reuters)

Source News Express

Posted 26/08/2017 1:20:39 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Reps probe NNPC’s multiple accounts

Boko Haram now in charge in 16 local...

We didn’t kill 2,000 Igbo youths — Nigerian...

Obiano commissions Nigeria’s first building materials testing laboratory...

Police clears the air on alleged banning of...

106-year-old woman faces deportation after being denied asylum...

ASO ROCK BETRAYED ME —Sgt. Rogers a.k.a Mr....

BREAKING: INEC receives 6 bags of signatures for...

Akpabio tasks Akwa Ibom professionals on state-owned financial...

Commotion as Modu Sheriff storms PDP National Secretariat...

National grid transmission hits 4,656mw

Call Dokubo, others to order —HURIWA tells Jonathan,...

 

Latest News Corruption scandal rocks Nahco •EFCC battles Board, Management over cover-up attempt 7 local government areas in Borno still under Boko Haram control — APC chieftain 4 Police Officers in trouble over murder No going back on airports concession, says FG Address marginalisation of Igbo now, Senators, Reps tell Buhari Nigeria exited recession in Q2 of 2017 — Budget Ministry Court dismisses Diezani’s application seeking to be joined in $1.6bn oil scam suit Staff of defunct Nigerian Airways get N45bn Trump hosts Buhari, others Foreigners rush to buy Nigeria’s debt Okowa hails Keyamo, Ohwovoriole on elevation as SAN The Chinese Prince and the Starving Tigers

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (278,506 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (260,403 views) Shameless Genevieve Nnaji exposes breasts in public (211,488 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (177,643 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (176,706 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (158,311 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (136,703 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (126,762 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (120,279 views) Lagos plane crash: Journalist releases victims’ names (111,205 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (110,384 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (102,746 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (28) Business (2,695) Business Verdict (22) Columnists (742) Complaints & Requests (93) Enterprise & Opportunities (178) Entertainment (378) Features (487) Global Business Monitor (178) International (1,543) Interviews (129) Live Commentary (28) Love Matters (73) News (28,567) Opinion (809) Pidgin (8) Politics (3,935) Religion (627) Sports (1,322) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN words on marble advert

 

 

Manchester United vs Everton 4-0 All Goals & Extended Highlights

 

APO Newsbreak logo

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!