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A fresh controversy has erupted around Mrs. Admire Jalloh, widely known as Admire Bio, following explosive allegations from a group of Italian investors operating under the name ALFIP Limited, who claim they were defrauded in a high-stakes gold transaction in Sierra Leone.According to documents and testimonies made available to this medium, the investors allege that on August 8, 2025, they transferred and paid a total of USD 234,200 to Mrs. Jalloh for parcels of gold reportedly offered for sale. The transaction, they maintain, was conducted in what they believed to be a legitimate business arrangement within the country’s lucrative but often controversial gold trade.However, what was meant to be a routine commercial exchange allegedly descended into chaos moments after payment was completed.The Italian businessmen claim that shortly after handing over the money, they were violently attacked just outside Mrs. Jalloh’s compound. They further allege that the gold parcels they had purchased were forcibly taken from them, along with their mobile phones, effectively cutting off their ability to communicate or seek immediate assistance.The investors describe the incident as not merely a contractual dispute, but a coordinated act intended to dispossess them of both their money and the commodity they had lawfully paid for.Beyond the alleged assault, the investors contend that their troubles did not end there. They claim that subsequent interventions were made that significantly obstructed their operations in Sierra Leone.Among the most serious allegations is that their business accounts were frozen following reported engagement with the country’s Financial Intelligence Unit. The investors argue that this action crippled their capacity to continue operations, settle obligations, or exit the country without financial strain.If substantiated, such actions would raise serious questions about the use of state institutions in commercial disputes and the broader implications for investor confidence.These allegations come at a time when the Government of Sierra Leone is actively courting foreign direct investment, particularly in the mining and mineral export sectors. The gold trade remains one of the country’s most sensitive industries, historically plagued by accusations of fraud, under-declaration, and regulatory loopholes.For foreign investors, particularly those unfamiliar with the local terrain, the case could reinforce fears about due diligence gaps, weak enforcement mechanisms, and the risks associated with informal or semi-formal gold transactions.Analysts warn that even unproven allegations of this magnitude can dent Sierra Leone’s international image — especially when they involve high-profile personalities.Denial and Counter-AccusationWhen contacted, Mrs. Admire Jalloh categorically denied defrauding the Italian investors, dismissing them as “thieves.” However, she did not deny that a business transaction had taken place between herself and the foreign nationals.Her response adds another layer of complexity to a matter that may ultimately require formal investigation to establish the facts.As accusations and counter-accusations continue to surface, calls are growing for a transparent and independent probe into the matter. Stakeholders in the mining sector insist that clarity is essential — not only for justice in this specific case but for safeguarding Sierra Leone’s fragile investment reputation.This publication will continue to monitor developments closely.Read more in our subsequent editions as this unfolding gold saga deepens.

By Compass News

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