Folks, why was Tariq deported so quickly? Might this be a collusion between Yaya, Tariq, and the Banks? Why would Tariq owe Standard Bank D40 mil. and the bank is mute, especially when they might not receive a butut from Lebanon, London, or where ever he is? If TK Motors is still in business, who is running it? I think another opportunity presents itself for the opposition leaders to get to the bottom of this fix. Gambians also need to ask these questions from Yaya and don't stop until we reach its logical conclusion. This is really amazing. Tariq Musa Leaves Huge Debts Behind Email This Page Print This Page Visit The Publisher's Site The Independent (Banjul) February 9, 2004 Posted to the web February 10, 2004 Banjul Tariq Musa, the wily business tycoon deported almost two weeks ago is reportedly owing several local banks in debts running into tens of millions of dalasis. According to unimpeachable reports, Mr. Musa has several liabilities in The Gambia, which has left the banks affected by his deportation profoundly disappointed that he was not given enough time to settle those liabilities before his stay in the country was declared undesirable. One such report, indicates that the deported general manager of local car dealing giant TK Motors, owes the Standard Chartered Bank over D40 million while he has an outstanding debt with other banks said to be about D18 million. Local banks are reportedly worried over the fate of such huge amounts of money owed to them by Mr. Musa who since his deportation has not made his whereabouts known, save for sporadic reports that he is now in Lebanon, following his trip to the United Kingdom to receive medical attention. Mr. Musa was taken ill since his arrest by the National Intelligence Agency last month for alleged tax evasion, money laundering and a vehicle license scam. Meanwhile, although, banking executives and their staffs are reportedly distraught over recent incidents culminating in Mr. Musa's deportation, they have been decidedly cautious in their reaction to the press. Aminata Bah, Standard Chartered bank's corporate affairs manageress declined to comment on the veracity of the reported amount Tariq is owing to the bank, citing banking ethics and the rule of confidentiality for their clients as reasons. She neither denied nor confirmed that Tariq owed the Standard Chartered Bank, although sources within the bank insist that at least D40 million represents an outstanding debt Tariq is supposed to settle. The business tycoon is also owing other banks including the International Bank for Commerce (IBC) a cumulative total of D18 million. Corporate affairs managers in these banking institutions meanwhile refused to be drawn into corroborating or denying the veracity of such reports, citing similar ethical reasons for it. However, banking sources have maintained that, while Standard Chartered and other institutions are putting a "normal face" in public over the aftermath of Tariq's deportation, "behind the scenes, they are biting their fingers in apprehension because none of these banks were really prepared for the eventuality". Apart from his string of saddling debts, Tariq was also being owed by government and individuals including Baba Jobe and the Youth Development Enterprise. Relevant Links West Africa Banking and Insurance Gambia It is expected that banks would shed more light on Tariq's debt, whose settlement hangs in the haze as they deal with the eventuality of his deportation. Meanwhile his car dealing company TK Motors continues to ebb and flow in business. _________________________________________________________________ Optimize your Internet experience to the max with the new MSN Premium Internet Software. http://click.atdmt.com/AVE/go/onm00200359ave/direct/01/ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To Search in the Gambia-L archives, go to: http://maelstrom.stjohns.edu/CGI/wa.exe?S1=gambia-l To contact the List Management, please send an e-mail to: [log in to unmask] To unsubscribe/subscribe or view archives of postings, go to the Gambia-L Web interface at: http://maelstrom.stjohns.edu/archives/gambia-l.html ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~