Expatica news

Funds “disappear” from account

31 May 2007

BRUSSELS – More than EUR 2.1 million has been embezzled from an account held by the Belgian development aid ministry at the National Investment Bank in Abidjan, Ivory Coast. Various sources reported this on Thursday.

The directors at the Ivory Coast ministry for the economy and the Belgian Technical Cooperation (BTC) noticed during January that several unusual transactions had taken place with this account. The account is used for funds for economic and social projects.

The signatures and seals used to carry out the transactions were forged. A case has been filed but the perpetrators have not yet been identified.

[Copyright Expatica News 2007]

Subject: Belgian news