BR100 Increased By (1.21%)
BR30 Increased By (1.65%)
KSE100 Increased By (1.15%)
KSE30 Increased By (1.12%)
BECO 5.66 Increased By ▲ 0.08 (1.43%)
BML 62.19 Increased By ▲ 0.97 (1.58%)
BOP 34.66 Increased By ▲ 0.98 (2.91%)
CNERGY 8.17 Increased By ▲ 0.09 (1.11%)
DCL 12.02 Increased By ▲ 0.38 (3.26%)
FCCL 53.73 Increased By ▲ 1.59 (3.05%)
FCSC 5.70 Increased By ▲ 0.07 (1.24%)
FFL 18.17 Increased By ▲ 0.16 (0.89%)
FNEL 1.36 Increased By ▲ 0.01 (0.74%)
HUMNL 11.23 Increased By ▲ 0.19 (1.72%)
KEL 7.98 Increased By ▲ 0.14 (1.79%)
KOSM 6.11 Increased By ▲ 0.38 (6.63%)
MLCF 89.16 Increased By ▲ 2.65 (3.06%)
NBP 186.81 Increased By ▲ 2.51 (1.36%)
PACE 11.80 Increased By ▲ 0.15 (1.29%)
PAEL 41.10 Increased By ▲ 1.14 (2.85%)
PIAHCLA 26.14 Increased By ▲ 0.47 (1.83%)
PIBTL 17.54 Increased By ▲ 0.27 (1.56%)
PPL 225.80 Increased By ▲ 3.13 (1.41%)
PRL 34.67 Increased By ▲ 0.21 (0.61%)
PTC 64.85 Increased By ▲ 1.11 (1.74%)
SEARL 91.39 Increased By ▲ 0.93 (1.03%)
SSGC 27.04 Increased By ▲ 0.37 (1.39%)
TELE 9.09 Increased By ▲ 0.18 (2.02%)
THCCL 69.34 Increased By ▲ 0.87 (1.27%)
TPLP 11.36 Increased By ▲ 0.16 (1.43%)
TREET 24.81 Increased By ▲ 0.11 (0.45%)
TRG 70.72 Increased By ▲ 0.13 (0.18%)
WAVES 11.46 Increased By ▲ 0.35 (3.15%)
WTL 1.29 Increased By ▲ 0.02 (1.57%)

Disgraced by a criminal conviction in a trial centred on arms sales to Angola when it was at war, the son of former French President Francois Mitterrand still sees a future for himself doing business in Africa. Jean-Christophe Mitterrand, who as his late father's Africa adviser was once at the heart of influential networks, was last week handed a two-year suspended jail sentence and fined 375,000 euros ($557,900) for his role in the "Angolagate" case.
He was among French celebrities convicted of crimes related to $790 million in arms sales to Angolan President Eduardo dos Santos's MPLA between 1993 and 1998, when it was fighting UNITA rebels in a devastating civil war.
-- Wants to work as consultant on African business deals
Mitterrand was cleared of the accusation of illegal weapons sales, but the court found him guilty of taking a total of $2.6 million in covert payments from arms trader Pierre Falcone to pass on key Angolan contacts and protect Falcone's interests. In an interview published on Saturday by the newspaper Le Journal du Dimanche, Mitterrand, 62, said he would not appeal against his conviction because he was exhausted after nine years of judicial procedures.
"I want to turn the page," he was quoted as saying. The suspended jail sentence means he will not have to serve time behind bars unless he commits another offence. Nicknamed "Papamadit" or "Daddy told me" in his heyday, when he piloted French business and political deals in Africa from his office inside the presidential Elysee palace, Mitterrand said he wanted to bounce back professionally.
"I am going to try and resume my activities as a consultant in Africa. Africa represents 40 years of my life," he said. He also mentioned contacts in China and said he would be interested in doing business there in oil or construction.
The judges in the Angolagate trial wrote that Mitterrand's statements that the payments he took from Falcone were fees for geopolitical analyses were "totally lacking in credibility" and they accused him of "telling complete lies" to investigators. In the interview, Mitterrand painted a dismal picture of his own life. "I am totally dependent on my family, which at almost 63 years old is not very impressive. I still live with my mother."

Copyright Reuters, 2009

Comments

Comments are closed for this article.