Three more charged over escrow billions

Stanbic Bank Tanzania is at a crossroads following Parliament’s resolution that the bank be investigated and tasked to help recover the Tegeta escrow account billions after it was accused of gross violation of anti-money laundering rules.

spyghana.com
JK should have hit harder on escrow account billions
IPPmedia
President Jakaya Kikwete on Monday gave his eagerly awaited stand on the Tegeta escrow account scandal that saw the misappropriation of billions of shillings involving, among others, high-ranking public officials who either personally benefited through ...
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>Three parliamentary committee chairpersons have resigned over the Sh306 billion Tegeta escrow account scandal. Those who handed in their letters to the Office of the Speaker are Bariadi West MP Andrew Chenge, Sengerema MP William Ngeleja and Lupa MP Victor Mwambalaswa.

The Prevention and Combating of Corruption Bureau (PCCB) has seized bank accounts and overseas property believed to have been bought with the missing Sh306 billion escrow cash.

Former Tanzania Investment Centre (TIC) executive director Emmanuel Ole Naiko yesterday said he was surprised to learn that he was among the beneficiaries of the Tegeta escrow billions.

Top Tanzanian Officials Charged in Escrow Scandal
AllAfrica.com
A Dar es Salaam court on Wednesday (January 14th) charged two Tanzanian officials over their alleged role in an energy sector graft scandal, Tanzania's Daily News reported. Rugonzibwa Theophil Mujunangoma and Theophillo John Bwakea are accused ...

The 2014 African Economic Outlook presents data that should give the continent’s leaders food for thought.

 The Controller and Auditor General’s 2013/2014 Report, tabled yesterday in Parliament, lays bare the massive rot in local and central government authorities that continues to bleed billions of shillings in taxpayers’ money.

The earliest Tanzania can hope to lay its hands on the Swiss billions is 2020, The Citizen on Sunday can authoritatively reveal today. Even then, it will happen only if everything goes according to plan and the country manages to recover the money with the help of the International Centre for Asset Recovery (ICAR).