The money-laundering dealings, allegedly arranged in the halls of the United Nations, were aimed to "generate business" by paying bungs to the Chad president and the Ugandan foreign minister, according to Joon H. Kim, the acting Manhattan U.S. Attorney, who found that nearly a million dollars was wired through New York's banking system.
The statement from Federal Bureau of Investigation office says Ho and Gadio wanted to "get their hands on the rights to lucrative opportunities in Africa".
The U.S. authority found Ho and Gadio were involved in two schemes beginning in or around October 2014.
The arrests were based on the two men's use of the us banking system to process the bribes disguised as donations. It said Gadio appeared before a judge on Saturday, but it did not say if he was detained.
The state-owned Global Times quoted an anonymous top officer at CEFC as saying there were "deep worldwide political motives" behind the case, adding that Ho's lawyer had "already denied the groundless accusation", although Ho's attorney, Ed Kim, of Krieger Kim & Lewin LLP, declined to comment when contacted by the Post.
"Mr. Gadio has a distinguished career in public service, served as a college professor, and worked in the public interest on numerous projects". The bribes are estimated at millions of dollars. "His integrity and honesty have never been questioned", Baum said in an email. Once released, he will face electronic monitoring and home incarceration.
While the documents did not name the bribe-takers, Chad's president, Idriss Déby, has served since 1990, and Uganda's foreign minister Sam Kutesa matches the United States court document's description that he also served as the president of the 69th UN General Assembly. After arriving on the scene just a few years ago, the company now has investments in the Middle East, Africa and Russian Federation, owns thousands of gas stations in Europe, and has a stake in Czech airline CSA.
Chi-Ping Patrick Ho of Hong Kong was arrested on Saturday, while Cheikh Gadio, the former foreign minister of Senegal, was arrested in NY on Friday. However, the name of the Chinese oil firm was not disclosed.
The Justice Department said a US$2 million bribe was paid to Chad's president, who then provided the company with an opportunity to obtain valuable oil rights in Chad without global competition, and a US$500,000 bribe was paid to an account designated by the Minister of Foreign Affairs of Uganda, who had recently completed his term as president of the UN General Assembly.
US authorities have arrested two foreign officials on charges of participating in a large-scale corruption system seeking to secure favorable investment terms for Chinese energy company CEFC in Africa.
The pair allegedly offered a Dollars 2 million bribe to the President of Chad "to obtain valuable oil rights", and a USD 500,000 bribe to an account designated by the Minister of Foreign Affairs of Uganda, who had recently completed his term as the President of the UN General Assembly.
Ng Lap Seng, a Chinese billionaire, was convicted in July of paying more than $1.7 million in bribes to U.N. ambassadors to secure rights to build a U.N. conference center in Macau to serve struggling Southern Hemisphere nations.