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LAST UPDATE: 24/9/2008 - 5:58PM EAT

Thursday, August 28, 2008

$25m properties nabbed over BoT fraud

The Bank of Tanzania headquarters in Dar es Salaam. Photo/FILE

By MIKE MANDE, JOSEPH MWAMUNYANGE and WILFRED EDWINPosted Saturday, August 23 2008 at 08:15

The Tanzanian government has confiscated property worth more than $25 million from 13 firms in a massive crackdown against people involved in the multimillion EPA scandal.

The seized assets include four brand new Range Rover Vogue Supercharger 2006 Model cars — each valued at $136,916 — with a total value of $547,664 and four Mercedez Benz CLK 230 Kompressor Model cars — each valued at $28,139 — with a total value of $112,556. More...



[SOURCE: The EastAfrican]

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