Home FeaturedNews

Former Seychelles First Lady, five others implicated in missing $50m scandal

SIX of Seychelles’ most prominent citizens including the former First Lady Sarah Zarqani-René are facing charges in a corruption scandal involving $50 million of missing foreign aid.

The money was a gift to the country 20 years ago from the United Arab Emirates, intended to help the struggling islands overcome a foreign exchange shortage and pay for basics such as rice, flour and cooking oil.

According to the charge sheet at a Supreme Court in Seychelles, it was siphoned off by a close ally of former President Albert René, laundered with help from others through a murky privatisation of undervalued public assets, and dispersed to bank accounts around the globe.

The six accused have not officially commented on the charges.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button