Three more charged over escrow billions
Three more top government officials were charged yesterday with dishonestly receiving over Sh2 billion from Mr James Rugemalira of VIP Engineering--the company that pocketed over Sh100 billion after selling its 30 percent stake to Pan Africa Power Solutions Tanzania Limited(PAP).
The money is believed to be part of the Tegeta escrow billions that were controversially paid to PAP between November and December 2013 after the company claimed it had legally bought 70 percent of Independent Power Tanzania Limited(IPTL) from a Malaysia-based firm, Mechmar, at a cost of $300,000 (Sh510 million).
Bank of Tanzania finance director Julius Rutta covers his face upon his arrival at the Kisutu Resident Magistrate’s Court in Dar es Salaam yesterday. Rutta, Tanzania Electric Supply Company lawyer Stephan Urasa (second left) and Tanzania Revenue Authority tax exemption manager Kyabukoba Mutabingwa (third left) were charged with corruptly receiving money from the Tegeta escrow account. PHOTOS | SAID KHAMIS
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The money is believed to be part of the Tegeta escrow billions that were controversially paid to PAP between November and December 2013 after the company claimed it had legally bought 70 percent of Independent Power Tanzania Limited(IPTL) from a Malaysia-based firm, Mechmar, at a cost of $300,000 (Sh510 million).
Bank of Tanzania finance director Julius Rutta covers his face upon his arrival at the Kisutu Resident Magistrate’s Court in Dar es Salaam yesterday. Rutta, Tanzania Electric Supply Company lawyer Stephan Urasa (second left) and Tanzania Revenue Authority tax exemption manager Kyabukoba Mutabingwa (third left) were charged with corruptly receiving money from the Tegeta escrow account. PHOTOS | SAID KHAMIS
Continue Reading On " The Citizen Newspaper Here"
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