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Ferrostaal Investigated following Allegations of Bribery to Abacha : Corruption Case


In 2003 the German media reported that Ferrostaal, part of the MAN group was under investigation for allegedly having paid the late Gen Abacha DM460m in bribes to win a contract for the construction of a metals factory in Nigeria.

Ferrostaal, the German industrial services company, made two payments into the account in October 1996 worth DM20m, equivalent at the time to Pounds 8.2m. The payments were made for "active corruption by Ferrostaal AG". It was later confirmed that this was bribery to win contracts.


The following lists all references contained in our database that are relevant to this briefing
Financial Times [12/23/2003] 'Swiss convict British businessman who laundered bribes for Abacha' by THOMAS CATAN and STEPHEN FIDLER [Source ID = 8759]

Financial Times [12/23/2003] 'UK businessman convicted for laundering cash SWISS ABACHA CASE:' by THOMAS CATAN, STEPHEN FIDLER [Source ID = 12838]


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