Dakar, Senegal – A politically exposed person (PPE), identifiedโ as Mr. Alpha, isโค implicated inโ a large-scale moneyโค laundering โscheme involving tens of billions of FCFA, according to a 2024 report by โฃthe โคNational Cell Treatment for โFinancial Information (CENTIF). authorities have seized over โ10โ billion FCFA from accounts linked โขto โMr. Alpha โand his associates.
The CENTIF report โdetails suspicious financial operations betweenโข 2017 and 2024, โrevealing cumulative transactions – including transfers, checks, cash deposits, and anonymous โtime deposits – lacking economic justification. Investigations revealed โthat despite receiving these massive funds originating from a public administration,โฃ Mr. โAlpha hadโ not been awarded any public procurement contracts in the last decade.โ Funds were traced to bank accounts in the sub-region andโ to real โestate companies (SCI) owned by hisโค brothers, deltaโ and Gamma, โคwith Mr. Alpha identified as the ultimate beneficial owner, โฃunbeknownst to taxโ authorities.
The lack of a documentedโค economic link between the publicโ administration and the recipients prompted CENTIF to refer the case to the financial judicial pool. Following a detailed report, judicial authoritiesโ executed a conservatory seizureโค ofโค overโค 10 billion FCFA. Theโค case highlights โgrowing concerns about illicit financial โflows and the vulnerability of publicโฃ funds to exploitation by politically exposedโฃ individuals within the region. Further investigations are โฃunderway to determine the full extent of the alleged money laundering operation and โฃpotential collaborators.