A Janjaweed-affiliated Company Speculates in Currency and defrauds traders in El-Geneina

Sources have revealed that the director of a trading company called “Al-Nazeer Multi-Activities” has disappeared after being involved in speculation and borrowing money from a number of currency traders in West Darfur State, estimated at more than 20 trillion Sudanese pounds. Security forces have arrested two of his assistants.

Informed sources told Darfur 24 that a group of currency traders filed complaints with the authorities about the company’s director’s disappearance about a week ago, demanding the return of the money they had spent in financial transactions and commercial speculation with the company.

Al-Nazeer Multi-Activities is one of the entities that has recently emerged in El-Geneina. It has carried out humanitarian and cultural activities that have received official coverage and attendance from militia commanders, earning it the trust of a number of economic actors in the area.

The sources stated that a large portion of the funds the company obtained came in the form of loans from local merchants, while a portion was invested in unclear financial speculation.