Bank of Central African States controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2010
Alleged diversion of pooled reserves
A leaked diplomatic cable alleged that Gabonese officials working for BEAC had diverted approximately $36 million from pooled reserves over a five-year period and directed part of the money to political recipients in France.
2009
Paris branch funds scandal
Approximately $28.3 million was reported missing from BEAC's Paris branch. Governor Philibert Andzembe was dismissed in connection with the controversy after pressure from Gabon's new president.