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| | Managers Sentenced to Jail in Elf Corruption Trial | Current Affairs | Deutsche Welle | 13.11.2003 |
 | | Loik Le Floch-Prigent, Elf Aquitaine's former chief executive, was sentenced to five years in prison on Wednesday. |
 | | The court found that the defendants stole a total of €300 million ($346.8 million) from Elf Aquitaine, still a state-owned enterprise at the time, to use as bribes to secure Elf business contracts in Africa, South America, Russia, Spain and Germany between 1989 and 1993. |
 | | Without his help, Elf would not have received about €1 billion ($1.18 billion) in German subsidies to build the refinery, he said, adding that he did not give any of the money to others. |
| www.dw-world.de /dw/article/0,,1028135,00.html (843 words) |
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