Latest Breaking News On - Christian monkam - Page 1 : vimarsana.com

(Business in Cameroon) - The death, on February 27, 2021, of business mogul Pascal Monkam revived discussions about the governance of family-run businesses in Cameroon. Indeed, the business mogul is not buried yet but his heirs are already clashing because of his group’s companies and assets. Alain Christian Monkam, one of his sons,  even filed a court application to be authorized to name a receiver-manager for his late father’s properties.   According to Alain Christian Monkam, the revenues generated by his father’s group are not transparently managed.  When he was alive, Mr. Monkam Pascal used to manage his group himself. He used to recover or delegate the recovery of the revenues from each of his companies. Nowadays, however, we have reasons to believe that the managers of those companies are misappropriating the turnovers of each of the companies they are managing,  he writes in the court application.  

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