by Engidu Woldie ESAT News (April 12, 2019) Fifty-nine directors of government enterprises and investors were arrested on suspicion of corruption related to government purchases, which officials said incurred the country the loss of tens of millions of dollars. Ethiopia’s Attorney General, Berhanu Tsegaye said at a press conference that directors of four government agencies and investors have colluded to ...

by Engidu Woldie ESAT News (January 23, 2019) The anti-corruption commission for the Amhara region says Bereket Simon, the former board chairman of TIRET, the regional business conglomerate, and its former CEO, Tadesse Kassa, would soon be brought before a court on suspicion of misappropriation of millions of dollars. The duo were arrested today at their residences in the capital ...

by Engidu Woldie ESAT News (December 25, 2018) The anti-corruption commission for the Oromo regional administration says 79 officials have been arrested for their alleged involvement in massive embezzlement in the region that resulted in the loss of 71 million birr ($2.6M). The suspects include supervisors and managers for the regional saving and loans program, procurement office, roads authority and ...

by Engidu Woldie ESAT News (December 11, 2018) Ethiopia has lost about $36B in illicit financial flows in the past 27 years, according to a new study by an Ethiopian macroeconomist. Dr. Eyob Tesfaye, a macroeconomist consultant, told FM 102.1 Radio in Addis Ababa that misinvoicing was one of the schemes money made its way out of the country, which ...

ESAT News (December 10, 2018) A businessman was arraigned before a court in Addis Ababa today accused of signing illegal contracts worth over 36 million dollars with the Metals and Engineering Corporation (MeTEC), a military industrial complex at the center of a corruption probe in Ethiopia. Police said they have documented evidence that Aklilu Girmay, the owner of Anona Techno, ...

by Engidu Woldie ESAT News (December 4, 2018) Police investigating alleged high profile corruption by the former CEO of the Metals and Engineering Corporation (MeTEC) presented additional charges in which Maj. Gen. Kinfe Dagnew had approved purchases and contracts worth millions of dollars without tender and procurement procedures. Among a list of charges police had presented at the court yesterday ...

by Engidu Woldie ESAT News (December 4, 2018) The office of the federal attorney general says it has dispatched teams to various parts of the country where ethnic clashes have claimed lives and triggered massive displacement. The office said in a press statement that investigations were underway against the masterminds of recent ethnic violence that resulted in deaths, destruction of ...

by Engidu Woldie ESAT News (November 26, 2018) Officials with the Somali region in Eastern Ethiopia say army generals and officials of the Tigray People’s Liberation Front (TPLF) and the Metals and Engineering Corporation (MeTEC) were involved in the embezzlement of the regional budget and massive land grab for the last ten years. Jamal Diriye, legal advisor to the regional ...

by Engidu Woldie ESAT News (November 21, 2018) As corruption by the Metals and Engineering Corporation (METEC) continues to be uncovered, sources close to a steam power project in the Afar region say the military industrial complex has wasted $36M, leading to the project to come to a screeching halt. METEC, which took a contract from the government’s Ethiopian Electric ...

by Engidu Woldie ESAT News (November 20, 2018) The crime investigation bureau of the federal police commission sent a letter to ten offices of land administration in the capital to identify and compile information on over 400 suspects of corruption while it put a freeze on their land and property until further action by courts, according to a document sent ...