PRESS RELEASE BY The ASSOCIATION OF PEOPLE FROM HAUT-OGOOUÉ FOR CHANGE. COMMUNIQUÉ DE PRESSE DE L’ASSOCIATION DES ALTOGOVÉENS POUR L’ALTERNANCE
Michel Ongoundou Loundah au centre
English version
Version française
GAGAN GUPTA’S MASTERFUL TRICK! LA MAGISTRALE ENTOURLOUPE DE GAGAN GUPTA !
English version In 2009, Olam market value collapsed, and its market share was valued at zero, worthless. A company by the name of Muddy Waters declared that Olam was heading toward bankruptcy. To keep Olam solvent, Singapore’ sovereign fund Tomasek, had to rescue them; but Olam knew they needed to bring in new sources of revenue. To do that, targeted Africa. Olam came to Gabon, linked itself with the Ali Bongo’s regime and made Ali Bongo’ son the second in charge at Olam Gabon. For every project that Olam started in Gabon, the country took huge loan that were funneled to Olam. For one such project, the building of a fertilizer plan in Port-Gentil by Olam, Gabon took out a 750 billion CFA francs loan that went 100% to Olam. The problem? The factory was never built. Who is left to repay the loan? The Gabonese people. Once Olam had established itself in Gabon and that all the money had been received from the Gabonese government, Gagan Gupta wanted to prevent Olam from
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