banker

Paris (AFP) - Despite his vivid orange beard and distinctive glasses, Abdul Qadir Mumin remains a shadowy figure, difficult to catch, and even harder to understand. This Somalian has likely climbed to the top tier within the Islamic State (IS) ensemble, potentially acting as the de facto big cheese without the official endorsement, according to experts. Some observers are puzzled about the mysterious figure Abou Hafs al-Hachimi al-Qourachi, IS's supposed caliph, speculating if he even exists. Meanwhile, it's plausible that…

The head of the South African bank VBS was sentenced to 10 years in prison. He is accused of plundering the economy of the poorest. It is one of the biggest corruption scandals in South Africa. On Wednesday, former CFO Philip Truter was the first to be convicted in the VBS case. VBS-mutual bank was nicknamed "the bank of the poor". Founded at the height of apartheid in 1982 in Venda, a former Bantustan far north in the country reserved by the white authorities for black communities, the bank housed the money for the most…