Senegalese customs take drastic measures against Senhuile: equipment seized and CEO bank account frozen

Dakar Matin | 31 October 2016

Dakar Matin | 31 October 2016

Pinned for fraud, with damages of more than 8 billion CFA (around 13.5 million USD) to the state of Senegal, Senhuile had agreed to a compromise. However, it only honoured a part of its commitment, and Senegalese customs reacted with strong measures.

We learned from trusted sources that customs agents from the St. Louis brigade recently conducted a raid on Senhuile’s facilities in Ndiael and seized equipment and materials of the Tampieri Financial Group. The operation was motivated by Senhuile management’s failure to comply with commitments it made after being accused of fraud.

Senhuile had taken advantage of incentives from the state of Senegal, created to encourage agricultural investment, and had obtained tax-free equipment which it then sold without making a customs declaration. Customs agents started to investigate after receiving an anonymous tip. The investigation found that the company owed 8 billion CFA to the state of Senegal.

Caught red-handed, CEO Massimo Vittorio Campadese agreed to pay 1.7 billion CFA. But according to our sources, he only paid only 1.1 billion CFA to the Treasury before fleeing abroad as soon as his confiscated passport was returned to him….

http://www.farmlandgrab.org/post/view/26676-senegalese-customs-take-drastic-measures-against-senhuile-equipment-seized-and-ceo-bank-account-frozen

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s