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Sodecoton Cameroon’s former managing director Iya Mohamed, sentenced to 15 years of imprisonment

Sodecoton Cameroon’s former managing director Iya Mohamed, sentenced to 15 years of imprisonment
  • Comments   -   Saturday, 05 September 2015 03:07

(Business in Cameroon) - On September 3, 2015, the Special Criminal Court (TCS) condemned Iya Mohamed, Sodecoton’s former managing director, to a 15-years imprisonment sentence. In response to this, Mr. Mohamed’s counsels announced they will file an appeal before the State’s Supreme Court, to get the sentence to be reduced or cancelled.

The former managing director, in coercion with Mahamat Karagama and Christophe Mbaiougam, respectively Sodecoton’s former sales manager and member (both received a life imprisonment sentence), are to pay a FCFA 12 billion fine.

Let us be recalled that, Iya Mohamed and ten of his co-workers were prosecuted for misappropriating about FCFA 11 billion. This financial embezzlement was revealed in a report by the Superior State Audit, as it was investigating on Sodecoton’s management between 2005 and 2009.

Prior to TCS’s verdict on September 3, 2015, the Budget and Finance Disciplinary Council of Cameroon’s Supreme State Audit office had already announced, during its session on March 27th 2013, a 7-year sentence against Iya Mohamed.

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