Cameroon diamond scandal snowballing

By Park Si-soo

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A snowballing stock price rigging scandal, involving a ranking diplomat and a Korean diamond developer in Cameroon, is snaring other diplomats and officials at non-diplomatic ministries, calling the morality of public servants into question.

Ambassador Kim Eun-seok has already been suspended for his alleged pivotal role in inflating the developer’s stock price with “unfounded” news that the company, CNK International, had hit the jackpot in the African country.

via www.koreatimes.co.kr

While the CPDM officials who own huge shares in the Mobilong (East Region) Diamond trove are still masks with faces behind, it now seems that the Koreans (finders of the diamonds) have been snookering each other over the real value of the Mobilong Diamonds.