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Latest Business News

Total's CEO Charged in Iran Probe

Thursday, March 22, 2007 5:26:22 PM
By PIERRE-ANTOINE SOUCHARD

 French oil giant Total newly appointed chief executive officer Christophe de Margerie poses for the media at the end of a press conference in Paris in this Feb. 14, 2007 file photo. The new CEO of French oil giant Total SA was being questioned Wednesday March 21, 2007 in an investigation into the group's activities in Iran, judicial and Total officials said. (AP Photo/Remy de la Mauviniere)PARIS (AP) - An investigating judge filed preliminary charges Thursday against the chief executive of Total SA in a corruption case linked to a 1997 contract with Iran, the company and judicial officials said.

Preliminary charges were filed against Total Chief Executive Christophe de Margerie for alleged abuse of company assets and corruption of foreign agents, the judicial officials said. They were not authorized to speak publicly about the case and provided information only on condition of anonymity.

De Margerie, who replaced Thierry Desmarest as Total's CEO in mid-February, was released after two days of questioning in the case. However, he is forbidden to meet with certain people during the investigation, the officials said without elaborating.


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