A coalition of anti-corruption organizations filed a complaint against French billionaire Vincent Bolloré and his logistics company, Bolloré SE. The complaint alleges that the group benefited from corrupt practices related to major African port concessions held by Bolloré Africa Logistics until 2022. The organizations demand that profits from these operations be returned to local populations through a restitution mechanism established by a 2021 French law.

Missing Controls:

• Weak Ethical Governance: No corporate accountability framework for corruption risks.
• Lack of Community Benefit Mechanisms: No system to ensure local communities benefited from contracts.
• Inadequate Due Diligence on Political Exposure: No screening of government-linked entities in contracts.
• Absence of Restitution Policies: No process to return illicitly gained profits.

How D360 Can Help:
Develop corporate governance structures to enhance ethical decision-making.
Establish community engagement programs to ensure fair wealth distribution.
Implement PEP (Politically Exposed Persons) screening for government-linked contracts.
Assist in designing restitution and remediation plans to comply with regulatory fines.