SUSPECTED $650 MILLION “SWEETHEART DEAL” AND SENEGAL OIL AND GAS

On 19th July, an article from OCCRP said that a Romanian-Australian businessman with a history of fraud, corruption, and misleading investors appears to have received at least $650 million from a West African oil and gas deal carried out with the help of well-positioned relatives of 2 consecutive Senegalese presidents.  The deal involved Vasile Frank Timis, 55, who went from being twice-convicted for possessing heroin with intent to distribute to earning a fortune in mining and petrochemical exploration deals — many in poorly governed and impoverished countries.  OCCRP claims to have documents that reveal serious irregularities, and potential illegal conduct, related to deals.

https://www.occrp.org/en/investigations/senegals-offshore-oil-reserves-a-pricey-pawn-in-covert-deal

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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