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Investigation into Major Fraud Continues

[Cote d'Ivoire] Ivorian President Laurent Gbagbo and French President Jacques Chirac. Ministere des Affaires Etrangeres de France
Les présidents Jacques Chirac et Laurent Gbagbo
    DAKAR
    The attorney general’s office in Sao Tome and Principe has been entrusted with investigating a massive fraud at the West African republic’s central bank, Justice Minister Paulo Jorge was reported as telling parliament on Friday. The fraud has to do with the illegal emission by the central bank of treasury bills to the sum of US $500 million. The then central bank governor resigned after the scandal broke two weeks ago. According to Lusa, he said in a letter to parliament that two previous prime ministers and President Miguel Trovoada had been aware of the operation, a claim denied by the president.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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