How $270-million IPTL deal was planned and executed

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>Was it proper for the Attorney General to order exemption of value added Tax (VAT) amounting to Sh26 billion in the sale of the Independent Power Tanzania Limited (IPTL)?

>Two camps emerged when The Citizen broke the story about the Independent Power Tanzania Limited(IPTL)takeover and the subsequent withdrawal of $122million from the Escrow account at the Bank of Tanzania.

The executive chairman of Pan Africa Power Solutions Ltd (PAP), Mr Harbinder Singh Sethi, has finally come out this week to defend the way his company acquired Independent Power Tanzania Limited (IPTL).

The Kenyan businessman, Mr Harbinder Singh Sethi, claimed he had a solution to the IPTL saga whereby, among other things, he managed to garner the backing of some top government officials.

>It was all smiles for Mbeya City officials yesterday when the Mainland Premier League club sealed a multi-million deal with Bin Slum Tyres Limited.

The $122million (Sh201 billion) Escrow account saga has taken a new twist after the Public Account Committee (PAC) summoned the Controller and Auditor General (CAG) to appear before the Parliamentary watchdog tomorrow to discuss how the multibillion shillings deal was transacted.

>The acquisition of the Independent Power Tanzania Ltd (IPTL) facilities has caused anxiety and raised questions in legal and government circles—with some analysts likening it with the $131 million External Payments Arrears (EPA) mind-boggling scam.