Yayah Jammeh Grand Heist: Janneh Report Vol. 9 states that his liable for $84m from Public Accounts and more!
There will come one day, when every dictator and tyrants acts comes into steady reports and reveals their actions. Today is one of those days. We are not seeing how the threaten and assaulted freedom, liberty and justice in Gambia. We are instead seeing how the previous head of state misused his power, how he earned money on his time in office and how he opened certain accounts to earn funds.
Here is just a snippet of the Volume 9 of the Janneh Report. What scope I am looking at is just what his directly taken from PUBLIC ACCOUNTS and nothing else. This is the money he took from public accounts and spent on himself. Nothing else. So consider this as one way of thieving.
Which is stating a lot of facts by just saying that. It is showing what he did and to what extent. This is briefly stated to show it. I am only mentioning Jammeh, even if he got help form the rest of his ministers and secretary generals. Therefore, there are plenty more who has to repay the state for their ill gotten gains. But I am just focusing on the head of state, the one in-charge and how he misused public accounts. Just look!
In 1995, the government took out $35m loan from China Exim Bank. At this very moment, the President associated diverted funds and also took out direct cash-deposits. But the state hasn’t repaid on the debt during the tenure of the President. To top it off, $27,732,000 is not accounted for. Therefore, because of interests and need for back-pay, the ex-president is liable for $35,556,442.42.
In 1999, the former President opened up an foundation account at the Trust Bank Limited. Where he was given bribe of $2,555m and illegal authorized payments of $3,013,615.47. Which is both funds the state want have returned.
In 2007, the President diversified and misused profits made by selling shares in the state owned enterprise GAMTEL/GAMCEL. The President took $7,948,025.73 to buy 31 buses to start his own bus-company and other projects he had.
Another in 2007, Taiwan (Embassy of ROC) gave funds for treatment of asthma, HIV/AIDS and diabetes. This was a grant estimated to be used between 2007 and 2011. However, the President diverted the funds, which amounted to $8.3 Million.
In 2011, the former President and his associates stole a public grant from the Kingdom of Qatar in toal €3,999,893, which his now liable for.
In 2012, the former President and his associates opened up an National Security Project Account, which got direct funds from Gambia National Petroleum Company. Where the Ex-President diverted the funds to various projects at the time. This amounted to $1,056,841.77, which he is liable for.
In 2015, the President set up a scheme with the Minister of Petroleum and the withdraw funds from a petroleum account. Which was illegal and therefore them both a liable to the funds of $3,768,448.
Another theft was the Vision 2016 Account, where the source of funds was through the MGI Telecom AG and the International Telecommunications Gateway. Where the President and associates illegal open an account and is now liable for $18,016,434.80.
Total funds which the ex-president is liable for is $84,156,492.64, €4,609,893 and GMD516,925,313.17.
Just think about it, he did to a poor state, with bad service and lack of proper institutions. He was eating of the plate of everyone and taking bribes, taking direct state funds and spending fortunes of the gains done by state owned enterprises. This was all done with the help of ministers and their closest associates, who also got a cut. This was a Grand Heist and Jammeh enjoyed the lavish life on the expense of The Gambia. When I look through more tomorrow. The signs of how he operates will appear. This is just second piece, which really shows a lot already. Peace.