galbeedi Posted April 5, 2019 The government spokesman said the loan from the bank was used to establish the Coca-cola company. It is false. The Coca factory was established in 2010 and opened 2012, but the loan was taken in 2017. The Djibouti government own 35% of the bank. The Djibouti court has asked the bank to liquidate the assets used as equity by the bank which was $25 million. Rather than liquidate those assets they went after him. The first lady of Djibouti asked shares from his companies but he refused. NInkani waa nin la dhacay. Quote Share this post Link to post Share on other sites
Old_Observer Posted April 5, 2019 6 hours ago, Holac said: It is always better to be the big shark that can't be "thrown" around. Somaliland may have the best government in the Somali peninsula, but the reality is that Laandheerism is still played in its halls of power. I like Djibouti as a country, but I believe this businessman is facing deportation today because he is from a minority clan. I think, its less to do with clan. The case is with the boss of the palace, the woman. Even IOGelleh has no room to apply his DONness. Its the lady herself. Women make terrible Dons. Quote Share this post Link to post Share on other sites
Old_Observer Posted April 5, 2019 7 hours ago, Oodweyne said: One of the thing I forget to add is that the French's company call Total (and I am sure of it you know them well) are "sniffing" around in major investment in Somalilland in the Gas and OIl sector. Literally they want to be the first one to strike gold with their drilling exploration and production in Oodweyne's area. And it will be a bad publicity, of course, if the Somaliland's government treats badly this French Bank by saying to them go get your money from IOG, particularly when they are in turn are saying, that, Mr Ina-Gelleh-Arab took the loan from us with his then assets in Djibouti. Hence, it's bad reputation for Somaliland to be known as the place where French companies are given a raw deal. Which means, Somaliland can ill-afford that, really. So that is also a consideration for Somaliland to contemplate and reflect on. Which means, it will be best to say to this French Bank, well you have a case against Mr Ina-Gelleh-Arab, right? Well, bring it on to the Somaliland's court, which is what the French bank wants, anyway. So that is why the government are treading carefully in here in the hope the French's State will not discourage the likes of Total not to put a major and heavy investment in Somaliland, next year. Which will be the case if this French bank is treated badly by our court system or by our government in the mean-time, with its case against Mr Ina-Gelleh-Arab. Did the visit from Eritrea recently affect the case lately in a negative way? This case has been going on for long time. Me thinks recent political developments with UAE, Ethiopia, Ghelleh visit to Mogadishu, Eritrea...may have brought the case to the fore. What do you think? I would say invite the Bank to open branch in Somaliland. Is it allowed? The Tigray did not allow Bank and telecommunication to foreign. That was one of their biggest disagreements with America and EU. Quote Share this post Link to post Share on other sites
Saalax Posted April 5, 2019 9 hours ago, galbeedi said: The government spokesman said the loan from the bank was used to establish the Coca-cola company. It is false. The Coca factory was established in 2010 and opened 2012, but the loan was taken in 2017. The Djibouti government own 35% of the bank. The Djibouti court has asked the bank to liquidate the assets used as equity by the bank which was $25 million. Rather than liquidate those assets they went after him. The first lady of Djibouti asked shares from his companies but he refused. NInkani waa nin la dhacay. Wa sidaas. Hiiraan Online Thursday April 4, 2019 Embattled trader accuses Djibouti first family of robbing his wealth Hargeisa (HOL) - A well-known Somali trader has accused the first family of Djibouti of robbing his properties in Djibouti after refused to give them equity in his businesses. In a statement, Ahmed Osman Guelleh, a multimillion entrepreneur said that the Djibouti government imposed sanctions on him and shut down six of his ten companies. The statement pointed out that President Ismail Omar Guelleh`s inner circle grabbed four of his businesses based in Djibouti. The companies handed over to the first families include Multivision, Djibouti Container Freight station, 360 Stevedoring and Jib Events. “The first family of Djibouti government has been trying to get a share from the business of Ahmed. After he rejected the proposal, the government attacked Ahmed`s companies, some were given to the individuals from the first family while others were closed down,” the statement reads in part. The Djibouti government has reportedly contacted Somaliland authorities to prosecute him. Osman is accused of being a traitor and is wanted in Djibouti. The move comes barely three days after elders in Somaliland warned the government against extraditing a well-known trader to Djibouti government. In a press conference, the clan elders urged the president of Somaliland, Muse Bihi Abdi to bar the arrest and plans to hand over the trader to the government of Djibouti. https://hiiraan.com/news4/2019/Apr/163143/embattled_trader_accuses_djibouti_first_family_of_robbing_his_wealth.aspx Quote Share this post Link to post Share on other sites
