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Justice: prosecution of 150 customers for embezzlement at TCS, a controversial case

26/12/2024
Source : ORISHAS FINANCE
Categories: Compliance

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For acts of embezzlement, the Crédit Foncier du Cameroun (CFC) has initiated proceedings against 150 customers before the Special Criminal Court (TCS). This approach raises

a number of questions about its relevance.

Crédit Foncier du Cameroun is a banking institution specialized in real estate financing. He sued 150 clients before the Special Criminal Court (TCS) for embezzlement instead of following the standard banking law procedures. However, according to information, this strategy is normally dedicated to cases of embezzlement of public funds. Defenders describe this situation as an abuse of procedure in the context of a simple banking dispute. Thus, the Cameroonian justice system is thus at the heart of a growing controversy.

The choice of the CFC to favor criminal proceedings for payment defaults raises questions about collection practices and the protection of the rights of borrowers in Cameroon.
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