Bail Revoked For Man Accused Of Obstructing FCPA Probe

Law360, New York (July 3, 2013, 1:37 PM EDT) -- A New York federal judge on Wednesday revoked bail granted to a French businessman accused of obstructing a government investigation into whether BSG Resources Ltd. paid bribes to secure mining rights in Guinea, saying the man posed a flight risk.

U.S. District Judge William H. Pauley III reversed a magistrate judge’s decision to allow Frederic Cilins to be released on $15 million bail.

“The court finds that Mr. Cilins is a serious risk of flight and there are no conditions that will ensure his appearance in...
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