US to African looters: You can’t go scot free anymore

The United States has sent a strongly worded warning  to corrupt African political office holders, who illegally enrich themselves at the expense of their poor people,  that they would no longer go scot free. They will be investigated, held accountable and punished.

The warning was given by US Department of Justice after a New York court jailed Mahmoud Thiam, a  50 year-old former minister of mines and geology of the Republic of Guinea, who was living big in America on the bribe  he collected from a Chinese company. He was jailed seven years. He will spend three of the years under supervised release, for laundering bribes paid to him by executives of China Sonangol International Ltd. (China Sonangol) and China International Fund, SA (CIF).


Mahmoud Thiam: an African looter jailed in US
“Today’s sentence sends a strong message to corrupt individuals like Thiam that if they attempt to use the U.S. financial system to hide their bribe money they will be investigated, held accountable, and punished,” according to Acting Assistant Attorney General  Kenneth Blanco of the Department of Justice Criminal Division.

“Mahmoud Thiam engaged in a corrupt scheme to benefit himself at the expense of the people of Guinea,” said  Blanco.

“Corruption is a cancer on society that destabilises institutions, inhibits fair and free competition, and imposes significant burdens on ordinary law-abiding people just trying to live their everyday lives”, he added.

The warning was reinforced by Acting U.S. Attorney Joon H.Kim of the Southern District of New York, who also declared:

“Today’s sentence shows that if you send your crime proceeds to New York, whether from drug dealing, tax evasion or international bribery, you may very well find yourself at the front end of long federal prison term.”

Thiam’s sentencing by  U.S. District Judge Denise L. Cote of the Southern District of New York was announced  by Blanco, Kim , Assistant Director Stephen E. Richardson of the FBI’s Criminal Investigative Division and Assistant Director in Charge William F. Sweeney Jr. of the FBI’s New York Field Office.

Thiam was convicted on May 3, after a seven-day trial of one count of transacting in criminally derived property and one count of money laundering.

“As a unanimous jury found at trial, Thiam abused his position as Guinea’s Minister of Mines to take millions in bribes from a Chinese conglomerate, and then launder that money through the American financial system,” said Acting U.S. Attorney Kim.

“Enriching himself at the expense of one Africa’s poorest countries, Thiam used some of the Chinese bribe money to pay his children’s Manhattan private school tuition and to buy a $3.75 million estate in Dutchess County”, Kim added.

“Thiam abused his official position, but the outcome shows that no one is above the law,” said Assistant Director Stephen E. Richardson.

“The FBI will not stand by while individuals attempt to live by their own rules and use the United States as a safe haven for their ill-gotten gains. I would like to applaud the dedicated investigators and prosecutors who have worked to hold those who have committed these crimes accountable for their illegal actions.”

“Today’s sentencing should remind the public that no matter who you are, or how much money you have, you’re not immune from prosecution.  The FBI will continue to use all resources at our disposal to uncover crimes of this nature and expose them for what they really are,” said Assistant Director in Charge Sweeney

According to evidence presented at trial, China Sonangol, CIF and their subsidiaries signed a series of agreements with Guinea that gave them lucrative mining rights in Guinea.

In exchange for bribes paid by executives of China Sonangol and CIF, Thiam used his position as Minister of Mines to influence the Guinean government’s decision to enter into those agreements while serving as Guinea’s Minister of Mines and Geology from 2009 to 2010.  The evidence further showed that Thia