Gold from the Central Bank of Guinea mysteriously disappeared during a transfer to Dubai. The Guinean authorities are in shock: nearly four tons of gold, worth an estimated $400 million, disappeared en route. This unprecedented scandal highlights questionable practices within the Central Bank of the Republic of Guinea (BCRG).
The enigma of the missing gold: a scandal shakes Guinea
Several hypotheses have been put forward to explain this disappearance. The most plausible avenue would be an embezzlement orchestrated by senior bank officials. These accusations are not new: when the current director of the BCRG took office, similar allegations had already been made against his predecessor.
The gold was transported by MSS Security, a company specializing in security and transport of valuables in West Africa. According to the usual procedures, the gold was subject to customs controls both on departure and on arrival. If any wrongdoing occurred, it likely occurred once the gold arrived in Dubai. Despite this, MSS Security is not considered a suspect in this case. The company director, currently abroad, collaborated with investigators.
This disappearance of gold represents considerable financial damage for Guinea, a country already weakened by years of economic crisis. The Guinean authorities have opened an investigation to shed light on this matter and find those responsible for this alleged embezzlement.
