Mambo ya Leo

More big shots in court

Via ippmedia

More big shots will be taken to court on Monday in connection with the online frauds that saw Tanzania Revenue Authority losing an estimated Sh115 billion ($77million), The Guardian on Sunday has reliably learnt.

The big shots will join other six suspects who were taken to court on Thursday and Friday, this week in connection with theft of the taxman’s billions.

According to a reliable source within the Prevention and Combating of Corruption Bureau(PCCB), the four more suspects are accused of conspiring to steal billions of shillings through forged documents, money laundering and frauds.

However our source declined to name the suspects who will be taken to court tomorrow, saying that would jeopardise the planned procesutions.

Contacted for comment on Friday, the PCCB Chief, Dr Edward Hosea, said, “It’s true…more big shots will be charged on Monday after we have fully completed our indepth investigation.”

“We have established massive frauds involving local banks, public owned corporations and private companies…But I think it was high time the local bank changed its recruitment system because the current one is full of fraudsters.” The PCCB Chief told The Guardian on Sunday.

The big shots are part of the syndicate that planned and executed a massive financial fraud that saw the Tanzania Revenue Authority lose an estimated $77million between June 2008 and May 2009.

Five local companies operating in Dar es Salaam received the big chunk of stolen billions, acting in the same capacity in which the 13 companies that looted taxpayers’ billions in the External Payment Arrears account (EPA) scandal benefited.
Access the full story.....................