Yus, thanks for the update.  The truth how ever stifled, shall rise up and
be acknowledged.

Chi Jaama

Joe Sambou


>From: Y C Jow <[log in to unmask]>
>Reply-To: The Gambia and related-issues mailing list
><[log in to unmask]>
>To: [log in to unmask]
>Subject: Some Details About The Jallow/Swiss Issue
>Date: Wed, 28 Nov 2001 18:16:53 EST
>
>I managed to find some details.  Ebou apparently returned $3 Million
>Dollars
>but there is still more that is missing.
>
>My opinion is that there was more money they stole.  This is the text I
>found:
>
>
>GAMBIA
>NEW AFRICAN MARKET
>
>
>Gambia regains missing millions
>
>There is a new twist to our story of January 1997 on Gambia's missing
>millions. We revealed that $3m had been stashed away in a secret bank
>account
>in Switzerland.
>The man who banked the money was Captain Ebou Jallow, who had earlier
>resigned after falling out with the Gambian military junta before going
>into
>exile.
>He claimed that the money had been transferred by the Central Bank of
>Gambia
>to the Credit Lyonnnais Suisse bank in Geneva on the express instructions
>of
>the Head of State President Yahya Jammeh. Jallow had been a close confidant
>of Jammeh and said that he had a full power of attorney and had transferred
>the money on Jammeh's behalf.
>This was the point at issue when the case was brought to trial one year
>later
>in a Geneva court. The Swiss court found against Jallow and ruled that he
>should forfeit the $3m held in his account. It also ruled that the money
>should be paid back to the Gambia government in due course.
>Jallow was ordered to pay all costs including 90,000 Swiss francs in court
>fees.
>The fate of the $3m has now finally been decided in favour of the Gambian
>government, but Gambian opposition leaders have pointed to other amounts
>which also mysteriously vanished into foreign bank accounts at about the
>same
>time.
>Ouasinoe Darboe, the leader of the United Democratic Party, has frequently
>questioned a further sum of $21.7m which were held at Citibank
>(Switzerland)
>and Citibank (New York). Darboe alleges that these amounts were deposited
>by
>Jallow in accounts under the name of the then military ruler Yahya Jammeh.
>The money had originally come from Taiwan and President Jammeh had sent
>Jallow to sign the loan agreement on behalf of the Republic of Gambia. The
>loan was released in two instalments. The second valued at $30m was sent to
>the Citibank in New York into a special development account.
>At the same time the Governor of the Central Bank of Gambia was instructed
>to
>write to the Taiwanese government to confirm receipt of the loan funds. Yet
>it was clear that the funds had not arrived in the Gambia.
>A manager of Credit Lyonnais Suisse, Phillipe Bidawid later confirmed that
>he
>had discussed with Jallow how some of this money could be transferred into
>personal accounts of the military rulers.
>Though the Geneva court has dealt with the $3m, the fate of the still
>greater
>amounts of Taiwanese loan money has still not been satisfactorily revealed.
>
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