Somali central Bank fraudster helped by senior government official-Source * somalia, World News and Opinion.
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Somali central Bank fraudster helped by senior government official-Source

Former mayor has accused the government on a widespread corruption that has became the norm in all the government institutions, including central bank.

“The national organizations tasked to deal with corruption has turned blind these issues, say member of parliament.

This comes However, after a sources in Somalia’s finance ministry told the media that a ‘systematic’ scam has been in the making for some time, with the central Somali bank teller and he has acted with the coordination of unidentified senior officials in the UN-backed government.

The bank teller stole $530,000 from the central bank of Somalia in Mogadishu, according to the bank’s governor Bashir Issa Ali.

Mr Hassan is said to have spent some time swapping real notes for fakes.

The bank employee Muhyadin Mohamed Hassan, has been working with bank for some time and he was one of the trusted staff, however he has run deposited fake Somali notes and took U.S. dollars with him, the bank’s governor Bashir Ise confirmed on

The whereabouts of Mr. Hassan who else involved in the scam is theft unknown.

The current government’s term expires on October and announced it would hold a presidential election by the end of the month.
A recent report by the UN Monitoring Group on Somalia accused the government on misappropriation, embezzlement and outright theft of public resources. Somali government had routinely denied all these accusations,

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