CONTENT PREVIEW
Country Risk

Gabonese corruption probe raises moderate risk of contract reviews and expropriation

03 October 2014

EVENT

Gabonese opposition leader Jean Ping stated on 2 October that he was not guilty of diverting funds and that an anti-corruption drive launched by President Ali Bongo in January 2014 could therefore not implicate him. Bongo's campaign, known as "Mains Propres" ("clean hands"), is officially aimed at rooting out government-level corruption.

It is also likely to be aimed at arresting detractors and opposition leaders ahead of the 2016 presidential election, while also demonstrating his unwillingness to allow politicians impunity as Bongo seeks a second term. As part of the operation, on 31 August an investigation by the Treasury Department revealed that USD800 million allocated for development projects had been embezzled.



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