Three MPs resign over escrow billions bounty

 The Minister of Lands, Housing and Human Settlements Professor Anna Tibaijuka yesterday said that resigning is not a fashion, thus she will not resign until when the government proves that she is guilty.

>After months of denial, propaganda and flimsy defence, finally, the truth has emerged and it should be time for all those who facilitated the withdrawal of Sh207 billion from the Tegeta escrow account to resign.

Tanzanians will soon know who has how much cash in offshore accounts following reports that investigations by a special committee are over.

>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).

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.

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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.

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.

>In a dramatic turn of events, Parliament yesterday put the breaks on itself and failed to take stern actions against public officials implicated in the Tegeta escrow account.