from the empire to financial hell, the descent into hell continues…

from the empire to financial hell, the descent into hell continues…
from the empire to financial hell, the descent into hell continues…

Doro Gaye, once an influential businessman, sees his world crumble a little more every day. After a long legal standoff with Zakiroulah Sow, a new ordeal hits the entrepreneur.

The two buildings in the Keur Gorgui city, which he co-owns with his wife, risk being sold at auction. A decision that the Union of Mutuals-Alliance of Credit and Savings for Production (Um-Acep) obtained to recover the sums owed, estimated at around one hundred million francs.

According to Les Échos, Doro Gaye had pledged these goods as collateral for fundraising, without however honoring its financial commitments thereafter. The properties concerned include a 73 m² store, with a starting price set at 12 million francs, and an apartment of 122 m², whose starting value is set at 21.35 million francs. This forced sale, postponed until December 10 by the judge of the Real Estate Foreclosure Chamber, could seal the fate of these properties in a context where every day seems to push Gaye further away from the end of the tunnel.

For Doro Gaye therefore, the legal storm is far from over. Already mired in a case of land fraud worth a billion francs, which earned him an indictment and a placement under arrest warrant last June, the businessman thought he would find respite with his judicial control obtained by signing a memorandum of understanding. But this respite was only short-lived, because a new threat looms over him, threatening to push him a little further towards bankruptcy.

Fate seems to be against the businessman, once associated with the heights of power. In a few months, Doro Gaye went from the spotlight to a series of financial and legal setbacks that continue to intensify, making this descent into hell a real public tragedy.

Senegal

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