Jump to navigation

Vol 55 No 17

Published 29th August 2014


Capital flight

A storm broke over President Alpha Condé's government after Senegalese customs seized US$8 million in US dollar and euro banknotes from a small aircraft that had flown from Conakry to Dakar on 8 August. Hours later, the money was allowed to continue on its way to Dubai, United Arab Emirates, after Senegal's Finance Minister Amadou Ba intervened. The Governor of Guinea's central bank, the Banque centrale de la République de Guinée (BCRG), Louncény Nabé, vouched for the funds but could not quell speculation about the unorthodox nature and purpose of the transfer.

End of preview - This article contains approximately 301 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.