Inside Farmajo’s money laundering scam

Credible sources revealed to KON that Farmajo is using a fake online fund-raising campaign as a money-laundering tool to withdraw millions of public funds he embezzled from local and international banks.

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Inside Farmajo’s money laundering scam

MOGADISHU, Somalia - Former Somali President Mohamed Abdullahi Farmajo's team began a campaign in Mogadishu to divert public attention from the new government led by Hassan Sheikh Mohamud.

There is an ongoing campaign on social media to raise funds for the construction of a house for the former President in Mogadishu. Many people believe that this program is a money-laundering scam.

Keydmedia English has learned that Qatar has promised Farmajo a luxurious house in Doha and a cash reward after blindly working in the interest of the tiny Gulf nation during his five years in power.

Farmajo used to earn $ 60,000 as a monthly salary during his presidency, half of which he received when he left the office. He was the highest-paid president in the last 20 years, according to KON estimates.

Credible sources revealed to KON that Farmajo is using a fake online fund-raising campaign as a money-laundering tool to withdraw millions of public funds he embezzled from local and international banks.

Farmajo's supporters boasted they raised more than $ 1 million in 24 hours, a claim that has become a buzzword on social media since last Friday. This comes as Somalia faces its worst drought in 40 years with over 7.7 million facing hunger and lack of water.

Farmajo has been accused of committing serious crimes at the national level, including the handover of Qalbi Dhagax to Ethiopia in 2017, and no one has been held accountable so far.

Somalia is hit by a severe drought risking the return of 2011-like famine following the failure of three consecutive rainy seasons, resulting in the displacement of millions to big cities in search of food and water.

KEYDMEDIA English

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