Tag Archives: corruption

Ethiopia: Bereket Simon, Tadesse Kassa to be brought before court in Amhara region

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 ...

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    Ethiopia: 79 arrested on suspicion of corruption

    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 ...

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      Ethiopia lost $36B in illicit financial flows

      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 ...

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        Ethiopia: Businessman charged with illegal contracts with MeTEC

        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, ...

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          Ethiopia: Police file additional charges against Maj. Gen. Kinfe Dagnew

          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 ...

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            Ethiopia: Attorney general sends investigating teams to conflict-ridden areas

            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 ...

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              Ethiopia: MeTEC, family of Meles Zenawi implicated in land grab and embezzlement in Somali region

              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 ...

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                METEC squanders $36M in failed Afar steam power station

                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 ...

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                  BREAKING: Police put freeze on land, property of Getachew Assefa, Maj. Gen. Kinfe Dagnew and 400 other corruption suspects

                  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 ...

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                    Ethiopia: Police charge ex-deputy intel chief with corruption, torture

                    by Engidu Woldie ESAT News (November 16, 2018) A former deputy head of the National Intelligence and Security Agency (NISA) was brought to a court in Addis Ababa today accused of corruption as well as torture and a range of human rights abuses against innocent citizens and suspects. Police told the court that Yared Zerihun, on orders of his former ...

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