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78.0¢ avz minerals limited

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tolate

11,259 Posts.

1039

28/11/22

08:20

Post #: 65017201
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Originally posted by tolate: ↑

Dathcom and Manono's lithium: COMINIERE's DG and DT in the sights of Justice

Better late than never, they say. Finally, the Congolese Justice has decided to look into the serious indications of embezzlement contained in the last report of the IGF (General Inspectorate of Finance) in connection with the opacity which surrounded the sale of the shares of the Portfolio company , COMINIERE, in the Joint-Venture Dathcom, i.e. 15% of the shares sold to the Chinese company Zijin. According to Georges Kapiamba, President of ACAJ (Congolese Association for Access to Justice), the Attorney General at the Kinshasa/Gombe Court of Appeal has just ordered the arrest of Director General (DG) ai and Technical Director (DT) of COMINIERE SA He blames them for the “poor management” of the funds resulting from the sale of 15% of shares to a Chinese company. In return, they would have received nearly 34 million USD for a transaction which was equivalent in principle to approximately 150 million USD. Worse, the allocation of these 34 million USD, according to an IGF report dated April 2022, was surrounded by a great mystery that Justice would like to elucidate.

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AVZ Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
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