Sudanese government announces confiscation of assets of Saudi businessman Juma al-Juma'a

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<Last Thursday, the Sudanese government announced the confiscation of about 80 million shares of the Sudanese Company for Zones and Duty Free Markets from its owner, Saudi businessman Juma bin Fahd al-Juma, and two of his sons. <Meshal Al-Sharif, lawyer for the shareholders in the case of Saudi businessman Juma Al-Juma, revealed that action was taken yesterday by sending an urgent cable to the Saudi Minister of Justice Dr. Walid Al-Samaani to address the Sudanese Ministry of Justice in order to stop the issue of confiscating the funds because the funds are Saudi funds shared with Juma Al-Juma and then he transferred the funds to the State of Sudan, according to Okaz newspaper. According to Okaz newspaper. <Al-Sharif added that they have a ruling issued by the Administrative Court (Diwan of Grievances in Dammam), which obligated Juma Al-Juma to pay one billion and 70 million riyals, and this ruling was issued in 1435 AH, and the ruling was not implemented because the funds are in Sudan, and Juma Al-Juma was imprisoned on 6/21/1436 until now, and Juma's funds in the State of Sudan were tracked and addressed by the judicial authorities in Sudan by the Saudi Ministry of Justice Before the Corona pandemic, under the Riyadh Agreement for Judicial Cooperation, which stipulates that there should be cooperation between the countries that signed it, and following that, the Saudi judicial authorities addressed the judicial authorities in Sudan under this system to disclose Al-Juma's funds in preparation for their seizure, sale and delivery of the shareholders, but the procedure was slow due to Corona and the political situation in Sudan.

The Sudanese government announced last Thursday a press conference held by the Committee for the Dismantling of the June 30, 1989 Regime on Thursday, a government committee tasked with prosecuting elements of the regime of ousted President Omar al-Bashir and recovering funds looted during his reign.

Committee member Wajdi Saleh stated in the press conference that the Saudi businessman obtained the deal to own those shares without the former regime authorities having the right to grant him those shares, and without paying any amount of money to the government of Sudan, and the committee considered the deal a form of corruption during the era of the former regime.

The committee considered the deal a form of corruption during the era of the former regime. <Saleh added that the «Sudanese Company for Zones and Duty Free Markets» was owned by 80% to the Ministry of Finance and 20% to the Central Bank of Sudan, and that it was one of the companies that were operating and its shares were traded on the stock market, and that it was seized through the policy of privatizing government institutions, noting that the company was previously valued at $104 million without evaluating other real estate assets across Sudan He pointed out that this value was reduced by a large percentage in favor of Juma bin Fahd Al-Juma without reasons, with the government obligated to pay $ 15 million to contribute to the company, stressing that the businessman did not pay anything and yet owned millions of shares, so the decision came to recover the shares of Juma bin Fahd Al-Juma and his sons Abdul Aziz and Abdul Rahman, provided that the shares are registered in favor of the Ministry of Finance and Economic Planning.