Fidelity bank banner NewsExpress advert
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 Share on Google+

Views: 735

•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 Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Ramadan: Pray for peace, stability in Nigeria, Dogara...

JIHAD GUIDELINES ISSUED

Rivers APC challenges Wike over alleged planned defection...

New dance company, Danceville Inc., taking dance to...

Delta Assembly dissolves electoral commission

Nigerians reject bill seeking to restrict freedom of...

Female soldier beats all comers to emerge best...

Stars thrill Benin City soccer fans in BJ...

2015: Intersociety calls for close monitoring of mosques,...

Shrines, evil forests used as polling booth in...

Nigerian Army gets 136 new Generals (PLUS List)...

NNPC to import 100mn litres of fuel daily...

 

Latest News If President Buhari were a patriot…, By Benjamin Obiajulu Aduba Senate versus IGP: Stop this unnecessary show of shame, By Bernard Balogun Catholic priest infected with Ebola Biafra Day: Intimidation won’t stop us — Zionists Human rights lawyer seeks prosecution of killers of Benue Priests •Makes case for Leah Sharibu Lagos moves to resolve online shopping complaints Herdsmen kill 9 in Taraba, Benue $16bn Power Project: Make your findings public, anti-graft network tells Buhari ‘7 wells drilled in Bida Basin show signs of oil’ Army seeks partnership with EFCC to battle economic criminals MOSOP condemns Shell’s resurgence in Ogoniland Passage of CAMA by Senate a lifeline to small businesses: LCCI boss

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (345,740 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (342,594 views) Shameless Genevieve Nnaji exposes breasts in public (273,851 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (225,162 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (205,469 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (203,203 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (177,295 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (159,562 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (150,475 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (143,823 views) Lagos plane crash: Journalist releases victims’ names (140,261 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (132,665 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (42) Business & Economy (3,160) Business Verdict (43) Columnists (857) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (498) Features (598) Global Business Monitor (274) International (1,972) Interview (149) Live Commentary (28) Love Matters (120) News (35,594) Opinion (973) Pidgin (10) Politics (5,063) Religion (745) Sports (1,517) Stock Watch (29) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement