Sudan's TMC directs central bank to review financial transfers since April 1
- Country:
- Sudan
The TMC ousted former Sudanese President Omar al-Bashir last week after three decades in power. Protest leaders have called for the country's new leaders to tackle corruption and hold former officials to account. The TMC ordered the "suspension of the transfer of ownership of any shares until further notice and for any large or suspect transfers of shares or companies to be reported" to authorities.
In a separate decree, the council said all state entities should disclose financial holdings within 72 hours, and that those who did not comply could be fined and face up to 10 years in prison, SUNA reported. The decree applies to bank accounts and holdings of foreign currency as well as precious metals and jewelry inside and outside Sudan, the council said.
(Reporting by Ahmed Tolba; Writing by Yousef Saba and Aidan Lewis; editing by John Stonestreet)
(With inputs from agencies.)
ALSO READ
FOCUS-As trade with China booms, some Russian companies are flourishing
UK PM Sunak: top donor's remorse should be accepted after race row
Important to have tools to tackle rise in extremism: UK PM Rishi Sunak
Quotes from Dutch companies on the worsening business climate
Former Congress govt put power companies in debt: Rajasthan CM Sharma