Burkina / Trading: victims condemn a “slowness” in the processing of their case

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The Association of Victims of Commercial Companies in Burkina Faso (AVST / BF), condemned a “slowness” in the processing of their case, in a statement sent to Wakat Séra this Wednesday 2022. AVST is offended by the fact that “Mr .BREBA created its investment company and spread the investments of more than 4,000 people worth several billion FCFA undisturbed to this day. In the coming days, if the situation does not change, the victims of trading companies intend to go to court to denounce the “slowness” in processing their case and ask for “stern treatment”.

Opening statement

Hello, dear members of the media, and thank you for attending this press conference. It is exactly one year and a few days ago that the Association of Victims of Trading Companies in Burkina Faso (AVST / BF) invited you to another press conference, exactly on November 13, 2021. One year later, you were always engaged by our side to the manifestation of truth. Allow us to salute your perseverance and your love of justice.

Since 2019, we have been in conflict with four investment companies: Globumi, Glofas, Royal finance and Barka Finance. The leaders of these companies, driven by bad faith and dishonesty, disappeared into the wild with our decay after the release of funds ordered by the justice of our country in March 2020. We remember that the public prosecution had ordered the freezing of capital on on suspicion of money laundering and terrorist financing. The State, through the Ministry of Finance and Economy, is the cause of this crisis as no prudent administrative measure has been taken to repay the funds collected when the authorities asked the trading companies to cease their activities. It should be noted that these companies were created completely legally under the noses and beards of our authorities.

A decent hell ensued for investors who no longer know where to turn. Deaths, divorces, imprisonments, suicides cannot be counted and the bloodshed continues to this day. The incriminated companies have done nothing concrete to reassure their victims since then. After many negotiations and negotiations, our executioners have shown no desire to pay the investors who have used all means to resolve the crisis and return to their rights.

To start, Globumi, who claimed to pay through ticket sales, stated that she would continue to take home the funds before announcing that against all odds she had lost all the funds. At the end of a 6-month moratorium that we gave them, the situation has hardly changed, despite the investors’ concessions. Glofas meanwhile remained silent and made no payments. Barka finans did no better. The head of Royal Finance, Mr. Franck AMADJAKO of Beninese nationality, left Burkina unconcerned after emptying his accounts and travels the world with complete impunity. We remember that nothing has changed and the chaos is real.

Dear media people,

Basing our hopes on Burkina Faso’s justice, we quickly became disillusioned. In fact, an audit of the accounts ordered by the legal system was carried out by Mr. Jean Michael BREBA, a shady, whatever person who is already in trouble with the law. Sir. BREBA had actually set up its investment company and dispersed investments from more than 4,000 people worth several billion FCFA without being worried until today. Hold tight, the latter is a friend of Globumi’s first manager, Mr. Hyppolite B. ZOMBIE. Anyone can claim to be an expert and cooperate with justice. On what basis was Mr. BREBA selected? Was he impartial? Not seeing the end of the tunnel, after going to court individually, by mutual agreement, the investors decided to entrust their case to the TARAORE and GOUEM law firm. These could be formed in March 2022 and work continued as best they could.

At the start of their work, the lawyers asked the investigating judge for several actions, including the digital files regarding movements in accounts in the funds’ investment companies, the expert report, consultation reports, etc. For the hearings of the resource persons, especially the CFOs of the mentioned investment companies, the banks; our lawyers have encountered several obstacles. Until then, the investigating judge was not actually worthy of hearing the banks through which the funds passed, much less the CFOs of the incriminated companies. In one of the letters that the investigating judge sent to our council, he said, and I quote: “as far as possible I will ask to meet X and Y”. Some further expertise is still and still waiting. What actually blocks the hearing of certain people who are on Burkina territory? We dare hope that the judicial authorities are not insensitive to the misery of more than 70,000 souls.

The issue of the extradition of the head of Royal Finance, Mr. Franck AMADJAKO, was discussed with the investigating judge on several occasions. Until then, the extradition file of its first official, which must be translated at the level of the Ministry of Foreign Affairs, is still in the drawers. Regarding Glofas, whose leader is Mr. Moussa KERELA, the councils indicated that the release of funds is still not effective for reasons that we do not know. On this subject, bailiffs have been sent to the banks to warn them of the arrival of the funds, the broker who has the funds abroad has been reassured as to the destination and use of the funds, but until then mystery and gum drop.

The requests for preventive seizure were made at the request of counsel. The sum of 900,000 CFA francs was found in the account of one of our creditors. Investigations also revealed that after the release of funds, Globumi officials wrote checks to themselves in their names to withdraw the money from the banks. During the rest of the procedure, the lawyer wanted to be associated with the hearings. The managers of Barka Finances headed by Mr. Ousmane ZORINGRE, far from acting, used our money to create a microfinance structure with a capital of 1 billion CFA francs in addition to a transport company. The head office is located in Larlé, not far from the National Police School and the railways. It should be noted that the real estate company that was born after the release of the funds had to offer plots to investors as compensation for their investment. All these actions were carried out without regard to the terms of the order of revocation issued by the investigating judge.

The situation goes from bad to worse. The leaders of Gobumi, DIALLO and SOMBIE had benefited from the judge’s favor by leaving prison three times a week. It was about being able to leave the prisons to act in order to reimburse the investors. No point on the results was made to the investors by the interested parties, let’s not talk about fairness. Nobody got a kopek.

Even worse, on the eve of the new authorities’ assumption of power, provisional release was granted to these two leaders of Globumi, who owe about 20 billion to investors. The court of appeal, which is the basis for this, did not deserve to include our advice as required in the procedure. No correspondence was actually sent to the councils, so neither the investigating judge nor the investors know the terms and reason for this release.

We appeal to the new authorities, especially the president of the transition, Ibrahim Traoré, who, together with his government, has chosen to change paradigms. The Burkinabè dispute wants to believe in the good faith of justice, but the latter does not reassure in its approach. In the coming days, if the situation does not change, we will march towards justice to condemn the slow processing of our case and ask for strict treatment.

Together we will win!!

Association of Victims of Trafficking in Burkina Faso (AVST/BF)

Chairman: Moumouni Fabré

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