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.