19/12/1996
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Koha Jonë

19 December 1996

Furma: From Sudja to Saliu

Let’s go to the presidency. Let’s bring him down like Ramiz and Enver Sudja pays out only 20 people. The others smash the counters with stones page 7

Interest schemes. Do they have a deadline?

It is reported that no more than twenty of Sudja’s clients managed to withdraw their money yesterday from the company’s offices. The vast majority of the roughly one thousand people who had come to collect their money were forced to leave empty-handed. According to the announcement made yesterday amid an atmosphere of anger, financial operations will continue today and in the days ahead. However, the problem is that everything is expected to proceed slowly and over a long period. The financial collapse of Sudja, one of the major companies that have collected money, cannot but cause concern. About five years after it began operating, when it is estimated that several thousand people have benefited from the … may last indefinitely, and in some cases the term is not long. The clients of Albania’s high-interest companies, estimated to number several tens of thousands, expect the companies to secure their money with the business they claim to conduct, or otherwise to stop taking in interest payments so as not to increase the debt. This is especially so when financial institutions have warned that pyramid schemes pose a considerable risk to those who deposit money in them. Sudja’s case is a wake-up call. For the scale of the problem and for the borrowers alike. It marks the first major bankruptcy of an interest-taking company. Everyone hopes that it will be as painless as possible for the company’s clients and that the other companies will take measures to avert a financial catastrophe. Otherwise, no one can predict the consequences. The people in Sudja’s courtyard were angry yesterday. K.J

Xhaferri: 300 thousand dollars for Mario Kempes

Yesterday at Rinas, the 1978 world champion, Argentine Mario Kempes, with the president of L.shnjes Pellumb Xhaferin photo G. SHKULLAKU

Yesterday at Rinas, the 1978 world champion, Argentine Mario Kempes, with the president of L.shnjes Pellumb Xhaferin

Annual poll: PERSON OF THE YEAR ’96

Who, in your opinion, is the most prominent personality in Albanian public life in these fields: Koha Jonë Independent Newspaper Registered: Qemal [?] Form No. 226 Tel./fax: 28781 28796 1. Politics __________ 2. Economy __________ 3. Science __________ 4. Sport __________ 5. Culture __________ 6. Entertainment __________ Fill it in and send it to the editorial office in a private envelope; if you identify all six personalities, you win 300 USD