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If there is a case that can end up in the middle of the judicial archives, it is that the doyen of the judges make a fair decision about the explosion of the file of their tiroirs. Comme le révele Liberationa controversial $20 million transaction involves Canadian mini-company Teranga Gold and its partners resurfacing. There are scandals, old pluses, lots of faux soup, escroquerie and fraudulent maneuvers.
There is a lawsuit in the Sabodala products
In 2003, the State of Senegal began to make an offer for the exploitation of the open air of Sabodala. The Canadian company Oromin Ltd reports the march and the association of several partners, Don Badr Investment and Finance, a company headed by Serigne Ndiaye Bouna (75%) and Saoudien Ayman Fadil (25%). This alliance is not society Oromin Joint Venture Group (OJVG)registered for Britanniques Îles Vierges.
In 2011, the project entered its operating phase with the creation of Somigol, a state operating company that earned 10% of the capital. There are several ways to take action on the management of funds and distribution of benefits. These tensions are highlighted by Teranga Gold Corporation, a Canadian company, in the scene with its intention to acquire OJVG.
An agreement with au goût amer
After long negotiations and complexes, Teranga Gold concluded an agreement with Badr in 2013 for a share (13%) in the OJVG with a total of 20.258 million dollars. You pay an initial payment of $ 7.5 million and the additional conditions for increasing the reserve reserves and the price of metal on the march. More speed, Teranga Gold’s promises are being fulfilled.
Selon LiberationOn January 2015, Teranga refused the rest of the remaining orders, arguing that the terms were not satisfactory. Badr activists, who are particularly loyal partners, look back at a society that multiplies multiple strategies for the payer. Payments are often still one of the initials of attention in 2016.
There is a judiciary that does this
Faced with the qualification of fraudulent maneuvers, Badr’s actions in 2020 portend for counterfeiting, use of counterfeiting and escroquerie. Mais l’affaire pietine. Richard Young, PDG of Teranga Gold, has been given a mandate to guarantee the cancellation and return to Senegal. The file seems to have come in because the new doyen of the judges has made the decision about the relauncher.
Liberation report of a summons for the confrontation with Richard Young, which has been sent to the Division des Investigations Criminelles (DIC). If the rebondissement occurs when it comes to ties in the clear zones of the environment where this affair takes place, the evaluation of the transactions and the transaction conditions are noted.
There is a symptomatic problem with natural resources
The scandal highlighted the consequences and conflicts of the exploitation of natural resources in Senegal. Between allegations of fraud, international pressure and judicial dysfunction, the Teranga Gold case has reflected the flaws in the governance of the tiny wealth.
The denouement remains uncertain, but for Serigne Ndiaye Bouna and the action programs of Badr, it is a progressive idea to give the restorer his honor and the recuperator he will have. The judge has pronounced the sentence? One choice is certain: the file is closed from the loins.
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