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Afren. Langbar & lately lekoil... FCA should Protect investors..imo
If this scam was so easy in my opinion stay clear lek oil has lost its credibility...
continued ....
Ms. Mahlet Yohannes is listed on LinkedIn as the manager of business development at Seawave Invest Ltd.
According to her profile, she lives in the United Arab Emirates, studied in Sweden and at the University of Wolverhampton, and speaks English, Swedish and Amharic – the official language of Ethiopia.
Ms Yohannes has not responded to a message left on LinkedIn.
According to the profile, she has been Seawave’s manager of business development since January 2016 and held identical titles at Bio-Power SA and Osam Energy Ltd in 2016 and 2017.
Osam, where she started a month before Seawave, according to the LinkedIn profile, is an oil, gas and property company. It lists its address in Accra, Ghana.
A company called Biopower is listed on Seawave’s website as a partner.
A rare photo of Bismarck Abrafi:
https://www.google.com/imgres?imgurl=https%3A%2F%2Fmedia-exp1.licdn.com%2Fdms%2Fimage%2FC5603AQH6ptTQplQtBQ%2Fprofile-displayphoto-shrink_200_200%2F0%3Fe%3D1584576000%26v%3Dbeta%26t%3Dwi1eqzGHhsCq9aAGK2BngCO3yqrFG3Hnu8juzGzP2hs&imgrefurl=https%3A%2F%2Ffr.linkedin.com%2Fin%2Fbismarck-abrafi-72942695&docid=Gb2Jsb1UMmMeOM&tbnid=KF3ycKYmu47GhM%3A&vet=10ahUKEwjhspCz6I_nAhX0XRUIHbUjAWkQMwhCKAAwAA..i&w=200&h=200&bih=561&biw=1163&q=Bismarck%20Abrafi&ved=0ahUKEwjhspCz6I_nAhX0XRUIHbUjAWkQMwhCKAAwAA&iact=mrc&uact=8
Some more information on "Bismark Abrafi" ... who seems central to the introduction of QIA to Lekoil.
He is a Dutchman, (last address recorded) Laan Op Zuid 118 3071 AA, Rotterdam, Holland.
He was a director of a British registered company NATA PETROLEUM Ltd (Company Reg. No.: 06576683) from 25/04/2008 until 07/09/2010 when it was dissolved and struck off at Companies House. Its registered offices were in East Dulwich, London SE22 and later moved to Crystal Palace, London, SE26.
Four men can be seen in 5 photographs of a meeting (one dated July 2017, the other 4 in Sept 2017) on Seawave Invest Ltd website. One of the men has been confirmed as a Mr John Cecil, an Indian businessman and chief executive of "Kallo Inc", a medical company. His picture matches an image on the Kallo website.
Kallo is listed on the USA Over-The-Counter exchange and has a market capitalisation of 13 million US dollars (£10 million). However, on its website, OTC Markets, a stock market which lists Kallo shares, said: “Warning! This company (Kallo) may not be making material information publicly available.”
A filing with the US Securities and Exchange Commission (SEC) from 2017 revealed that Kallo had not made any sales for eight years. “There is substantial doubt that we can continue as an ongoing business for the next 12 months unless we obtain additional capital to pay our bills. This is because we have generated no revenues from our operations during the last eight years,” the document said.
In the SEC filing, Kallo listed a number of African projects it is involved with and revealed that Seawave Invest Ltd Bahamas was arranging project financing. It did not reveal which of the projects Seawave was involved in.
Others Kallo said had helped arrange project financing were Nova Capital Global LLC and Grissag AG. On its website, Seawave lists Grissag as one of its partners.
Kallo lists two phone numbers on its website, one in Canada and one in the US. The Press Association repeatedly called both, but did not get an answer. The US number was not in service.
There is no indication that Kallo or Mr Cecil were part of the alleged scam against Lekoil.
Next to the man thought to be Kallo chief executive Mr Cecil in the photographs are three other men, none of whom is identified by name.
A bottle of Belaqua-branded water is seen in one photograph. Belaqua is a Ghanaian brand, making it likely the meeting took place in that country.
Bismarck Abrafi is listed on LinkedIn as Seawave’s managing director. He has not responded to an email to his Seawave email address, or to a message on Linkedin.
Mr Abrafi bears a striking resemblance (posted on French Linkedin.com) to one of the men who met Mr Cecil in the photographs on Seawave’s website, but the PA was unable to positively identify him 100%.
continued .....
If it raised suspicions, they were quickly ignored then.
Lekoil’s CEO, Lekan Akinyanmi was introduced to the fake Qatari investors early last year by Bismarck Abrafi, managing partner for Seawave Ltd, according to people with knowledge of the matter.
Lekoil’s board was introduced to the QIA representatives and negotiations then got going. Mr Akinyanmi flew to Istanbul and other locations in the Middle East as details of the deal were ironed out, one of the people said.
Bismarck Abrafi is Vice President & C.O.O for Africa of Seawave Invest Ltd according to his Linkedin (France) entry.
He is also Executive Chairman of:
Alpha Holding In (... not found in searches of registered financial services companies in Geneva or worldwide)
Registered: Geneva
Apr 2011 - Present 8 years 10 months
Financial brokerage firm, private equity, mergers, introduction of foreign multinationals companies in Africa.
So this must have raised suspicions when Lekoil's appointed law firm Norton Rose Fulbright LLP did due diligence and advised on the documentation needed for the deal.
The investigation continues ...