Morgan Stanley Drawn Into Probe Over €5.7 Billion Bolloré Sale

Morgan Stanley risks being embroiled in a French criminal case by a group of communities in Africa that suspect the US bank helped Vincent Bolloré launder money stemming from the disposal of an allegedly corrupt €5.7 billion ($6.6 billion) asset.

The Collectif Restitution pour l’Afrique asked a Paris judge last week to compel Morgan Stanley in France to provide internal documents related to its role in the process that led to the 2022 sale of Bolloré SE’s African transport and logistics businessto MSC Mediterranean Shipping Co.

Specifically, the anti-corruption association, known as RAF, wants to see how a 2021 ...