Former Central Bank of Guinea governor sentenced to five years in prison
via SeneNews1 min read
Ibrahima Chérif Bah, former governor of the Central Bank of Guinea BCRG from 1996 to 2004, was sentenced in absentia to five years in prison for "embezzlement of public funds" and "money laundering." A warrant has been issued for his arrest. The Court for the Repression of Economic and Financial Offenses Crief found him guilty of an "unaccounted disbursement" of approximately $10 million from the Central Bank. In addition to the prison sentence, Bah was fined five billion Guinean francs 495,000 euros and his assets were ordered to be confiscated by the Guinean state. He was also ordered to pay $10.5 million in principal and five billion Guinean francs in damages. Bah was, however, declared not guilty of theft and complicity in theft. According to his family, Bah is currently abroad for medical treatment. Crief is an anti-corruption court established by the military government that overthrew former President Alpha Condé.
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This summary was AI-generated from a story originally published by SeneNews.
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