CAMOFI controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2003
Allegations of political rent extraction and plundering
Later assessments of CAMOFI’s collapse argued that lax management alone did not fully explain its failure. The bank and other state enterprises were reportedly treated by politically connected elites as sources of rents, with managers, associates, and connected borrowers allegedly benefiting from large loans.