Fotso gives his luxurious residence to the state and hopes to release

After being sentenced to 25 years in prison, the multi-billionaire, Yves Michel Fotso, in detention and assets frozen by the Secretariat of State Defence, has been obliged to sell his luxurious residence at Bandjoun, to the State, for hope of being released, learns "koaci" this weekend.

Convicted of embezzlement, to 25 years in prison in connection with the Boeing Business Jet 2 (Bbj-2), dispossessed of his property and his bank accounts blocked, the multi-billionaire Yves Michel Fotso has sold his Bandjoun- residence in his village in the west of the country to the State, by way of payment in kind of corpus delicti, -in accordance with Article 11 of the Decree of 4 September 2013 for the purpose of prosecution and arrest under Article 18 of the new Law No. 2012/011 of 16 July 2012 amending and supplementing certain provisions of Law N ° 2011/028 of 14 December 2011 establishing the TCS- in hopes of liberation, revealed this week by "Essingan" newspaper.

So, the debate on a possible release of Yves Michel Fotso, has hit the media and generating interest within the national opinion. As part of "Operation Search hawk hawk" - sanitation campaign initiated by Paul Biya, against corruption and embezzlement of public funds- Yves Michel Fotso is the first detainee to propose a Regulation of corpus delicti in kind.

The residence was valued at 1,720 billion by the firm Ayissi Bessala, -an expertise dating from 2014- to the relatives of the former ADG Camair, this residence is more than 2 billion FCFA.

However, to date, Yves Michel Fotso owes 1,085,000,000 FCFA Camair liquidation, "the sum of 1,750 billion CFA francs as transactional memorandum of understanding dated 14 August 2013 against him, he had already and had to pay the total sum of 655 million FCFA. The other clearly identified Cbc-debtors, the aircraft manufacturer, Chanas- insurer will have to pay the rest, 69 billion FCFA overestimated- confrontation of the accused with the Christian Emile Bekolo liquidator has reduced the amount to $ 20 billion CFA," He said in "Essingan".

It is on the basis of these arguments, the lawyers of Yves Michel Fotso, asked at the hearing on April 30 at TCS, the release of their client, we learn.

The public prosecutor replied that the matter is in the hands of Laurent Esso, Minister of Justice and Keeper of the Seals.