In a decisive move concluding an extensive investigation, the Prosecutor General at the Economic and Financial Crimes Unit (Pôle Pénal Economique et Financier) has referred a high-profile embezzlement case involving Côte d’Ivoire’s largest teachers’ mutual fund for imminent trial. The inquiry, which spanned several months, uncovered allegations of misappropriation exceeding five billion West African CFA francs.

Key figures implicated as trial date approaches

The investigation led to the detention of three prominent individuals, all now held in custody at the former MACA prison facility in Abidjan. Among them are the Executive Director of the Côte d’Ivoire Teachers’ Mutual Fund (Mupemenet-CI), Agré Lynx Bourgelat, and the organisation’s Director of Financial Affairs, Koné Allagnan. Both were formally charged and placed under arrest following the conclusion of their questioning.

Alleged mastermind identified and detained

During interrogations, the two accused officials implicated Dao Ibrahim Kinan, a businessman and political leader, in orchestrating a sophisticated network of shell companies. These entities allegedly served as vehicles for siphoning vast sums from the teachers’ mutual fund. Kinan, who also heads multiple enterprises including IDK, KINANE, and TICS SERVICES, holds the additional role of president of the political party *Les Avertis*.

Confronted with the evidence, Kinan was also remanded in custody and transferred to the same detention facility in Abidjan, marking a critical development in the unfolding financial scandal.