https://en.sputniknews.africa/20241225/guineas-central-bank-embroiled-in-scandal-over-missing-millions-media-reports-1069886945.html

Guinea's Central Bank Embroiled in Scandal Over Missing Millions, Media Reports

Guinea's Central Bank Embroiled in Scandal Over Missing Millions, Media Reports

Sputnik Africa

The Central Bank of the Republic of Guinea, headquartered in Conakry, was established in 1960. 25.12.2024, Sputnik Africa

2024-12-25T16:47+0100

2024-12-25T16:47+0100

2024-12-25T16:47+0100

sub-saharan africa

guinea

west africa

bank

fraud

money laundering

us dollar

united arab emirates (uae)

gold

law

https://cdn1.img.sputniknews.africa/img/07e8/0c/19/1069886663_0:127:3190:1921_1920x0_80_0_0_31a256cb1288d1bcbcc240bf164f863c.jpg

A scandal has hit the Central Bank of the Republic of Guinea (BCRG) as nearly 4 tonnes of gold worth $400 million are missing after being sent to Dubai, according to the media.The gold is believed to have been traded by powerful bank officials. Similar allegations were made against the former head of the bank for embezzlement when the current head took over.Guinea reportedly exports raw gold to Dubai for refinement, transported by MSS Security, with customs verification upon departure and arrival. It's believed that if wrongdoing occurred, it was likely upon arrival. MSS is not considered a suspect in the matter. The head of MSS, who is abroad, has cooperated with the investigators.

https://en.sputniknews.africa/20241215/former-mauritius-central-bank-governor-wanted-in-fraud-investigation-1069726156.html

guinea

west africa

united arab emirates (uae)

2024

News

en_EN

guinea, west africa, bank, fraud, money laundering, us dollar, united arab emirates (uae), gold, law, security