Enough Project









Dear Supporter,

A billion dollars can buy a lot of things-fuel, food, medicine. That's exactly what it was supposed to do in South Sudan when the government reached a billion-dollar credit deal intended to deliver these supplies across the country. At the time, South Sudan had just gained its independence after a brutal war and was in desperate need. But when the deal was hijacked, life-saving funds disappeared, and very little was delivered. South Sudanese lives were lost, and the country was sunk into debt. [ [link removed] ]

"*Cash Grab: How a Billion-Dollar Credit Scam Robbed South Sudan of Fuel, Food, and Medicine* [ [link removed] ]" is the result of a three-year investigation into this scheme. The report details how South Sudan arranged for a nearly billion dollar credit line from banks in Kenya and Qatar to address devastating shortages in all essential goods. With the lines of credit, multimillion-dollar contracts were awarded-some to *foreign-run companies*, some to *companies that only existed on paper*, and some to *inexperienced middlemen*. Among them were businesses with connections to the ruling class, including President Salva Kiir's family, the then-governor of the central bank Kornelio Koriom, and multiple military officials. Hundreds of millions of dollars were allocated without any proof of delivery. When the businesses failed to pay back the loans, the South Sudanese government was left to foot the bill with the country's oil revenues, plunging the country into debt. *Those implicated in the report are still receiving government contracts today, leaving the door open for continued, unchecked corruption.*

Our report reveals how, in this letters of credit scheme, *multiple risks and red flags for corruption and money laundering were ignored*. When proper due diligence isn't conducted and these risks are missed, it is people who pay the price. In the case of South Sudan, lives were lost in hospitals that were deprived of necessary medicines and didn't have fuel to run their generators. The report shows how *corruption has more than just an economic cost-it has a human one as well.*

Learn more about South Sudan's letters of credit scheme, as well as our recommendations to governments and global and regional banks that follow in the wake of the report's findings. [ [link removed] ]

Sincerely,

John Prendergast
Co-Founder of The Sentry







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