Chad says $20 million lost at state-owned hydrocarbons firm
The authorities in Chad have said more than US$ 20million was allegedly embezzled from a state-owned hydrocarbons company.
The information minister made the accusation on national television on Wednesday.
But a bank named in the alleged scandal has threatened to sue for defamation and has strongly denied any involvement in the transactions in question.
The minister, Abderaman Koulamallah – who is also the government spokesman – said “there was an investigation which led to the revelation of embezzlement at the Société des Hydrocarbures du Tchad”.
The government had appointed a new head and deputy two days before the announcement.
The former managers were arrested by the Chadian intelligence services.
The opposition party has asked for a change in the transition team governing the country following the death of President Idriss Déby in April last year.
