Home News Malian Authorities Arrest 6 for Corruption in Djenné Power Plant Project
News

Malian Authorities Arrest 6 for Corruption in Djenné Power Plant Project

556
Djenné Power Plant Corruption

Malian authorities have arrested six individuals concerning corruption and financial misconduct related to the Djenné Power Plant Project.

Investigating Judge Rachelle Dembélé of the National Economic and Financial Center ordered their detention on March 7, 2025, on charges of forgery, use of fraud, misappropriation of public property, and money laundering.

The case involves a 5.4 billion FCFA mini-micro hydroelectric project in Djenné, funded by the African Development Bank (AfDB) and managed by EDM SA. The initiative was intended to expand electricity access in the region, stimulate the local economy, and improve living conditions.

However, following a report from EDM SA, authorities launched an investigation that uncovered a fraud scheme. According to the investigation, representatives of two Indian companies, MECAMIDIHPP/PRIL and AEEPL-NEPL-SUNCITY, provided falsified bank guarantees, which executives at Ecobank’s Malian subsidiary illegally validated.

Investigators found that the falsified guarantees enabled the embezzlement of funds meant for infrastructure development.

The project coordinator and the manager of a local civil engineering firm are also accused of complicity. The detained Ecobank executives are charged with using their positions to validate the fraudulent documents.

The arrests demonstrate Mali’s commitment to fighting corruption and ensuring transparency in public projects.

Read More:

About The Author

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Human RightsNews

Hawker Shot at Close Range by Kenya Police During Youth-Led Protests Declared Brain Dead

A 22-year-old street vendor who was shot in the head at close...

Nigerian Aviation Authority Grounds Rano Air’s 5N-BZY After Mid-Air Engine Failure
News

Nigerian Aviation Authority Grounds Rano Air’s 5N-BZY After Mid-Air Engine Failure

The Nigeria Civil Aviation Authority (NCAA) has grounded Rano Air’s aircraft with...

The Presidency of Faso’s football team, also known as “PréFaso,”
NewsSports

Sportsmanship: PréFaso Clinch Third Consecutive Victory Over Burkinabè Football Legends

The Presidency of Faso’s football team, also known as “PréFaso,” has secured...

News

AES Eliminates Over 4,200 Terrorists in Two Years – Report

The Alliance of Sahel States (AES) countries eliminated more than 4,200 terrorists...