Dominique Strauss Kahn (DSK), the controversial former managing director of the IMF and friend of Mohamed ould Bouamtou, is caught up in the bankruptcy scandal of Leyne Strauss-Kahn and Partners (LSK), the Mauritanian businessman Mohamed ould Bouamatou is also in the crosshairs of the French justice for his involvement in this case which is the subject of a preliminary investigation by the French justice for fraud and abuse of corporate assets, has -is learned from judicial source in Paris.
Investigators suspect the boss of the group BSA (Bouamatou public limited company) to have helped his friend DSK for political purposes during the precamp of Staruss Kahn in the French presidential election of 2012 to manipulate the data and documents of the company LSK for its implementation bankruptcy and misappropriation of funds.
This is why the Paris prosecutor’s office is conducting a preliminary investigation for fraud and abuse of corporate assets aimed directly Dominique Strauss-Kahn, former president of the company Leyne, Strauss-Kahn and Partners. An investigation that has recently been extended to DSK’s relatives including businessman ould Bouamatou who could be heard by the Paris prosecutor.
Investigators suspect DSK of having engineered with his friend Bouamatou, yet investor in the company LSK bankruptcy of it.
After the affair of the Sofitel of New York and that of the Carlton of Lille, a new troubled record comes to tarnish the picture of Dominique Strauss-Kahn.
It is July 28, 2015 that a preliminary investigation against DSK for scam and misuse of corporate assets. Three other people are targeted.
At the heart of the investigation, the Luxembourg investment company Leyne, Strauss-Kahn and Partners, known as LSK, of which DSK was the president until October 2014. His departure, combined with suicide a few days later Franco-Israeli Thierry Leyne, co-founder of the company (he broke up in Tel-Aviv on October 23, 2014, while the group’s debt was 50 million euros), precipitated the bankruptcy of LSK in November 2014. In total, the hole is 100 million euros with 150 creditors, including the Luxembourg tax authorities.
The investigation follows the filing of a complaint in late June, for « scam », « abuse of property » and « false », by Jean-Francois Ott, a French businessman specializing in real estate. He had subscribed to an increase in the capital of the Luxembourg company of 500,000 euros. However, he lost all his stake. Jordan Trajkov, a Macedonian businessman, who had bought in September 2014 eight LSK bonds at 50,000 euros each, complained on 8 October. Instead of investing its clients’ funds in other companies, LSK is accused of having bought out the shares of its own subsidiaries in order to artificially increase their value.
In addition to the two plaintiffs, several people lost a lot following the bankruptcy of the LSK group and especially Mohamed Ould Bouamatou, former king of the Mauritanian cement plants, who had invested 10 million euros. The latter, does not intend to file a complaint against his own friend DSK, the collision or complicity between the two men aside this possibility, say sources close to the investigation. In addition, the suspicions hanging over a key role played by Bouamatou alongside DSK in the bankruptcy of LSK suggest that any complaint from the Mauritanian businessman is to be excluded. Is the district court of Paris competent to judge this case? Most of the alleged crimes were committed abroad and DSK now resides in Morocco in a villa offered by his Mauritanian friend Ould Bouamatou. His lawyer, Jean Veil, also claims that his client has never « exercised any operational function ».