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Desmond-linked African gold fund sacks senior executive

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A New York-listed blank-cheque investment fund linked to Dermot Desmond has sacked its chief financial officer over financial irregularities.

African Gold Acquisition Corporation, which is looking to spend $415 million buying African gold companies as a hedge against what it regards as central bank-driven inflation, made the announcement last week on the New York Stock Exchange.

The company told the market that on August 22, its board and financial advisers “discovered improper withdrawals from the ...

 

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