Market scam

of

Thousand of investors lost money in a pyramid-style "Ponzi" scheme which collapsed before the April elections this year. The scheme involved agents buying goods or taking investments but providing cheques rather than cash as payment. Several ruling party officials were later implicated in the scheme, causing defrauded investors to demand that the government act to compensate them. Hundreds of protesters who took to the streets of El Fasher on 2 May were fired upon by security forces. The number of those killed or fatally wounded on that day reached at least nine.

The victims were Ahmed Jama’a Dari, Hamada Adam Harega (age 15), Khalid Jumma Ahmed (16), Al-Rashid Ismail Ali (22), Hamdi Adam Hareer (23), Mohammed Abdullah (19), Khalid Mustafa (31), Manahil Ahmed (18), and Raman Khalil Tirab (18).

The economic impact of the scandal is still not fully understood, but prices of goods in El Fasher rose and traders reported a lack of liquidity in the markets.

Additional information is available in Radio Dabanga's reports, linked to the left, and for Arabic speakers in the audio archive (keyword search "Mawasir").