Vincent Bolloré, a media magnate in Africa, has been accused of money laundering and corruption.

Vincent Bolloré, a French oligarch and significant shareholder in Universal Music Group, has been the subject of a lawsuit.

In connection with his commercial operations in Africa, the case alleges that Bolloré engaged in unscrupulous practices, deceptive activities, and money laundering.

The coalition “Restitution for Africa” (RAF) has initiated a lawsuit in which eleven non-governmental organizations from countries including Guinea, Togo, Cameroon, Ghana, and Côte d’Ivoire are involved.

The plaintiffs contend that Bolloré and his son, Cyrille Bolloré, engaged in corrupt activities to secure port concessions throughout West Africa, and that they subsequently profited from the sale of these assets.

The communities that were affected by the circumstance are requesting that the proceeds from the sale, which amount to billions of euros, be returned.

According to the complaint, the Bolloré Group is accused of leveraging its political connections and engaging in influence trafficking to secure lucrative port concessions in countries including Ghana, Guinea, Cameroon, and Côte d’Ivoire. The complaint contains a comprehensive inventory of these nations.

These concessions were owned by Bolloré Africa Logistics until 2022, when they were transferred to the Mediterranean Shipping Company (MSC) for a total of €5.7 billion.

The plaintiffs argue that the financial proceeds from these contracts were obtained through fraudulent means and that they should be returned to the local residents.

The French National Financial Prosecutor’s Office has acknowledged receipt of the complaint and is presently conducting an investigation to ascertain the next course of action.