Malanding, this will bring more hardship to the average Gambian, because
businessmen will be reluctant to increase their inventory when they know the
government will bully them to sell at a loss or worst still rough them up
and sieze their earnings.  "Operation No Compromise" needs to start with
Yaya Jammeh himself.  Why did they leave Tarik Musa, Amadou Samba, and
others that literally controll the foreign currency flow?  I suppose they
are a not sitting on a big chunk of the foreign exchange Yaya passed through
them in his various schemes.  Gerogia forced Shevardnadze out of office, I
wonder what Gambians are waiting for - may be a messiah.

Chi Jaama

Joe Sambou


>From: Malanding Jaiteh <[log in to unmask]>
>Reply-To: The Gambia and related-issues mailing list
><[log in to unmask]>
>To: [log in to unmask]
>Subject: One step forward....
>Date: Mon, 24 Nov 2003 15:47:25 -0500
>
>I hope the government realise that any gain that may be brought about by
>legitimate enforcement of the "Operation No Comprise" decree could
>easily be washed down the drain by unauthorized seisure of people's
>hard-earned currency.
>
>Malanding Jaiteh
>
>
>
>Police seized millions from suspected hoarders
>By DO
>Nov 24, 2003, 13:30
>
>        Email this article
><mailto:?subject=Police%20seized%20millions%20from%20suspected%20hoarders&body=http%3A%2F%2Fwww.observer.gm%2Fartman%2Fpublish%2Farticle_341.shtml>
>Printer friendly page
><http://www.observer.gm/artman/publish/printer_341.shtml>
>
>In enforcement of the objectives of 'Operation No Compromise', police
>aided by personnel of other security forces raided the offices of top
>businesses in Banjul on Friday. Undisclosed amounts of foreign exchange
>equivalent to millions of dalasis were seized.
>The businessmen were later released but the cash seized in their offices
>were retained by the police.
>
>According to sources, the businesses raided included Shyben A Madi,
>Midland Trading and about six others.
>According to a police insider, some businesses are still hoarding huge
>amounts of foreign currency. "This is responsible for the creation of
>the artificial economic problems that have wreaked so much havoc on the
>national economy in the past few months," an economist at Finance said.
>
>However, sources close to some of the business houses raided intimated
>that they have ever since been complying with the new Central Bank
>directives regarding the holding of foreign currency and the operation
>of forex bureaus.
>"The money the police seized are from our daily sales. I think they need
>to be intelligent about how they go about these things" one of the
>businessmen told Daily Observer.
>However, a police spokesman said investigations will be carried out and
>if it is established that the monies seized were from the daily sale,
>the monies will be returned to their owners.
>
>IGP Landing Badjie could not be reached for comment on the issue last
>evening.
>© Copyright 2003 by Observer Company
>
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