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Actualités of Thursday, 27 August 2015

Source: cameroon-info.net

Lawyer sued for embezzling 336 million

Special Criminal Court Special Criminal Court

Investigations have begun by the National Agency for Financial Investigation (Anif) on the huge transactions done through the Douala post office, between two accused persons, according to the Kalara newspaper on August 24, 2015.

The urban community of Douala was ordered to pay the sum of 336 366 000 FCFA to the liquidation of the Cameroonian Security Company (Scs Sarl) which is represented by Albert Tada (Accountant), its liquidator. This gave Attorney Ernest Zok the authority to collect the debt from the Scs Sarl to Cud on December 31, 2002. A clause of Understanding was signed between the two men; Ernest Zok charged 20% of the funds collected in return for his services, the newspaper reported.

Again Kalara revealed that the Urban Community of Douala decided under the judgment, to proceed to a partial discharge of the debt. Thus on June 22, 2007 to May 30, 2008, the sum of 132,227,000 FCFA was paid in four tranches to the liquidator of the Scs Sarl. Despite this partial clearance, on May 9, 2008, Albert Tada and Ernest Zok went back to the ‘Caa’ court for them to settle the same debt.

The newspaper revealed that the Autonomous Sinking Fund, which is the public company responsible for the payment of both domestic and external debt of the state of Cameroon, proceeded with the full payment of Cud to the Scs from its liquidator, Albert Tada. The total amount, 336,366,000 FCFA was paid in six installments for the period of November 21, 2008 to July 15, 2010.

According to the prosecution, "part of each transferred funds received from Albert Tada were given to Ernest Zok who kept silence on such transactions. In total, Ernest Zok hit a jackpot of 215 million FCFA, 65% of the sum of 336 366 000 FCFA after the payment to Caa.”

Meanwhile, Cud continued to pay the funds to the liquidator of Scs Sarl until December 2013 when the government delegate, Fritz Ntone Ntone, suspended the payment process after he found out that the same claim was the subject of a full settlement through Caa, during his hearing at the preliminary investigation. The Cud had partially cleared its debt from June 22, 2007 to December 11, 2013 with the sum of 330 669 000 francs.

Faced with this lack of follow-up, those responsible for Cud informed the TCS judges that at no time did Caa inform Cud it had incurred a payment on that debt. Only Enest Zok was present at trial. His co-defendant, Albert Tada, is on the run.