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Sunday, October 25, 2009

Revealed: Names Of M&J Bosses Who Okayed Bribes

FOR THE FIRST time, a Ghanaian newspaper can reveal that the 48-year-old son of Mr. Bevic Mabey, the only living founder of the British bridge building company, Mabey and Johnson, was part of the directors the company says put in a bribery scheme to pay public officials in Ghana, Jamaica and a host of other countries.

David Mabey, the only son of Bevic, is identified in the British papers as the Company Secretary and part of the duo –the other is his father – who “have at all material times been in exclusive control of the affairs of M&J. Whilst directors within the Mabey group could be appointed or removed at the behest of the shareholders, those same shareholders were David Mabey and his family” the SFO noted.

David’s family’s company, Mabey Holdings, which is the parent company of M&J, was estimated by the Construction magazine, a UK publication in 2007, as the 312th richest company in the UK.

The family at the time has assets of £205 million and, with dividends and other wealth, was worth £260 million. Today it is estimated to be worth £400 million

Though David’s role in the bribery affair was hidden, this paper’s sources in London have confirmed that he is the one identified as Director B in the SFO probe,

The other directors whose identity were withheld are Messrs Charles Forsyth, Richard Glover, Allen Daliday and one man who rose through the ranks from an executive position of manning affairs in Ghana (where M&J had its African head office) and the Philippines to become a Director.

He is nobody but Miles Potter, the British citizen admitted by M&J and admitted by the UK crown court to have managed the bribery scheme put in place in Ghana. Mr. Potter lived in Ghana for almost four years (see other story).

Together, these directors whose identities were withheld by the Southwark Crown Court were alleged to have put in place a bribery scheme that has seen the resignation of at least one serving minister of state, Joseph Hilbert, in Jamaica and two in Ghana.

The plea bargain agreement by M&J, however, allowed the court to withhold their identities as some of the former Director of M&J men are reported to be insisting that they did not commit any crime under UK law at the time of the said acts.


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