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The head of one of Burkina Faso's largest banks has been arrested on suspicion of having embezzled billions CFA francs, a source close to the investigation said. "The director general of the Banque de l'Habitat du Burkina Faso (BHBF), Pierre Zerbo, was arrested yesterday and remanded in custody today (Friday)," the security source told AFP. Established in 2005, BHBF is nearly half state-owned, while a 25 percent stake is held by private investors, including family members of ousted president Blaise Compaore. Burkina Faso's government has been clamping down on the corruption and nepotism that were rife under Compaore's 27-year rule before he was ousted in a popular uprising in October.
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