Is Moringa a cloak for illicit financial flows and tax-evasion?

Bush telegraph sources allege that the French investment entity, Moringa, is a front for illicit financial flows and tax evasion. 


The question is: Are the legal vehicles registered in Luxembourg and Mauritius, Moringa Mauritius Africa, and Moringa SCA Sicar, by the French investment company, Moringa (which bush telegraph sources say is exploiting Ghana's legal system to enable it hijack the organic palm oil processor, B-BOVID, from its founder, Issa Ouedraogo), deliberately engineered for use to cloak illicit financial flows, as some of its critics allege?


Apparently, all the signs of money laundering are present in Moringa's profile: Registered offices in scandal-ridden tax havens, and in the case of Mauritius, selfsame postal addresses used by many tax dodging entities accused of illicit financial flows. Ditto same auditors. Amazing.


In the revelations about Adani, the Indian conglomerate, by activist investors, Hindenberg Reseach, for example, the same registered office in Mauritius (actually a postal address on a particular street in Port Louis named after US President John F. Kennedy, lol), used by Moringa, popped up. Wow.


The question is: Why did Moringa inform the Ghana Investment Promotion Centre that the African Development Bank (AfDB) had given it US$20 million - when in actual fact the funding from the AfDB amounted to just US$10 million?


Was the ground being prepared to enable them eventually transfer the bloated figure from Ghana, to Mauritius and thence on to Luxembourg tax free, perhaps, as its critics allege ? 


Because Antoine Turpin's disputed recruitment is a key-factor in the matter of the dispute between Moringa and Issa Ouedraogo, the BUNGE Loders Cocklaan executive who wrote that letter, must be supoenaed to come and clarify to the arbitration panel, when it was that Antoine Turpin left their employ, and what his position was at his departure, and what exactly the USD48,000 he took from B-BOVID to pay them, was actually for. His evidence must based on strict-proof basis.


Critics of Moringa, make the point that it is not beyond the realms of possibility that a rent demand letter used to enable Antoine Turpin to withdraw USD48,000 from B-BOVID's bank account, might actually be documentation for a very clever tax-dodging money laundering scheme, with the accumulated rent demand letter, a bogus cover story, which was meant to be a perfect sleight-of-hand ruse, to enable them cloak an egregious tax-dodging illegality, and give it legitimacy, that way. This allegation needs investigating by the authorities in France and Ghana for the truth to be established. For all we know BUNGE Loders Crocklaan might be innocent and blameless. Cool.


Be that as it may, the question to ponder over is: Was the rent demand letter meant to facilitate stress-testing their illicit financial flows scheme, to enable them see whether or not it would be easy for Moringa and BUNGE Loders Crocklaan (and the other entities that Antione Turpin would also be working for while CEO of B-BOVID), to engage in illicit financial flows, with Antoine Turpin controlling B-BOVID, as its CEO?


It is noteworthy to observe that in the event, it was very easy for Antoine Turpin to transfer huge sums out of B-BOVID, once he had been successfully foisted on it. Moringa must not be allowed to get away with this abomination. No. No. No.


We must support successful local agrisector entrepreneurs if we are to ensure food security for Ghanaians. We must not rely on foreigners to ensure food security for Ghanaians.That is why B-BOVID must be returned to its founder, Issa Ouedraogo - and Moringa penalised for subjecting him to mental torture from egregious shareholder oppression and unspeakable reputational-harm: with their unpardonable falsehoods and twisted half-truths, in their bid to ruin him for defying them.