Royal Africa Holding part of Jammeh’s scheme to hide stolen wealth

Royal Africa Holding part of Jammeh’s scheme to hide stolen wealth

A company, supposed owned by a self-proclaimed Senegambian prince, Ebrahim Sanyang and the brother of Gambia’s former ruler, Ansumana Jammeh have been uncovered as a cover up to launder money by the ex-president, Yahya Jammeh.

More than half a dozen subsidiaries under the Royal Africa Holding are now under a court order freeze secured by the Gambia’s Justice Department.

The Royal Africa Holding is headed by Sanyang, who poses himself as “a son of Mr. Jammeh and an African prince” to defraud investors and also help transfer state wealth stolen by the former leader.

Out of the 14 companies that were affected by last week’s court-ordered asset freeze, eight of them were under Sanyang’s Royal Africa Holding Group: Royal Africa Capital Holding, Africada Financial Services & Bureau de Change, Africada Micro-Finance, Africada Airways, Kora Media Corporation, Atlantic Pelican Company, Palm Grove Africa Development Corp, and Royal Africa Securities Brokerage Company.

The head of the Royal Africa Holding group, Mr. Sanyang claims to be a self-made billionaire, a Pan-African humanitarian award winner, environmentalist, selfless patriot, national builder, investor, avid farmer and philanthropist who had put streets right in his “Koring Batelling Kingdom.”

But is Godfather Jammeh was kicked out of power upon losing last year’s election to real estate rival, Adama Barrow, who was backed by eight opposition groups.

Gambian authorities accused its former 22-year iron fist ruler of fleeing the country with more than $50 million of state money. Jammeh allegedly swindled billions during his rule of the tiny West African nation.

His supporters are now accusing the regional economic bloc, ECOWAS of betraying an agreement with Jammeh not to have his assets touched.

Gambia says it is preventing the erstwhile military-backed strongman from liquidating or dissipating them so as not to cause prejudice to the state should there be adverse findings made against him.

Three of his brothers have been released on bail after being charged by the police for selling some cows from Jammeh’s farm in Kanilai.

Gambian authorities are in a race to have Jammeh’s foreign assets also seized, including a $3.5 million mansion in the Washington suburb of Potomac.

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