The trial of trading company executives arrested in October 2021 will open on January 15 before the correctional chamber of the Lomé high court. Thirty-three defendants, including Yaovi Dodji Diogo, owner of CACESPIC-IF SARL, and Kossivi John Dogbevi, head of J-Global Capital, will be tried for illegal trading, illegal fundraising and money laundering.
A case with major stakes
These managers are accused of operating unlicensed businesses, attracting thousands of investors with promises of astronomical returns, sometimes reaching 100 %. These activities led to colossal losses for investors, who were unable to recover their funds. Accusations also include a refusal to cooperate with the authorities during investigations.
Risk of heavy penalties
The charges brought against the defendants include money laundering, an offence severely punished by the Togolese Penal Code and Uniform Law n°2018-004 on the fight against the financing of terrorism in the UEMOA region. The defendants face prison sentences of up to several years, reflecting the seriousness of the charges.
This long-awaited trial could set a precedent for the regulation of trading activities in Togo
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