Published On: Mon, Jan 29th, 2018

Ernst & Young suspected of gold smuggling between Morocco and Dubai

Ernst & YoungLONDON - Ernst & Young is suspected of having assisted in the smuggling of billions in gold between Morocco and Dubai.

A former employee of the well-known British consultancy firm has filed a complaint with the British Supreme Court. He claims to have written proof.

According to Al Massae, Amjad Rihan was in charge of controlling the financial situation of the Kaloti group, one of the largest trader companies in Dubai. Rihan accuses Ernst & Young of not having declared more than $ 5 billion in transactions and 5 tonnes of gold bars from Morocco.

According to the former employee of the consultancy firm, the gold was transported from Morocco to Dubai by a criminal network in 2012. The gold bars were covered with a layer of silver and the references were erased. The group would have smuggled 57 tons of gold from Sudan to Dubai in the same way.

Amjad Rihan claims to have been dismissed by Ernst & Young for refusing to forge documents for Kaloti. An investigation in collaboration with the Moroccan authorities is underway.

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