Home BusinessBanking Tanzania: Bot Employees Charged Over Sh1.5 Billion Notes Fraud

Tanzania: Bot Employees Charged Over Sh1.5 Billion Notes Fraud

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Dar es Salaam — Eight Bank of Tanzania (BoT) employees and five businessmen were yesterday charged with willfully mutilating 460,000 bank notes of ten thousand shillings denomination, submitted the pieces to the central bank for replacement – and reaped Sh1.5 billion in the process. They face six counts of economic sabotage, including the unbailable offence of money laundering and causing a Sh460,000 loss to the government.

The BoT officials are Mariagoreth Cosmas Kunzugala (alias ‘Bonge’), Henry Evereth Mbowe (alias ‘Mzee wa Vichwa’), Asha Juma Sekiboko, Cecilia Adrian Mpande, Agripina Sales Komba, Zubeda Rajabu Mjewa, Khadija Mohamed Kassunsumo and Mwanaheri Makame Omary.

Charged along with the central bank officials are businessmen Alistidees Rumanyika Genand (alias ‘Stide’), Shukuru Azizi Mchegage, Musa Akili Chengula (alias ‘Mkinga’), Zaituni Sadiki Chihipo (alias ‘Zai’) and Respicius Daudi Ishengoma.

Defacing Tanzanian bank notes is crime under Section 332 (A) of the Penal Code. The businessmen allegedly colluded with the bank officials to engage in the racket to mutilate bank notes with the intention of benefiting from it.

Under the law, any person who willfully defaces, tears, cuts or otherwise mutilates a bank currency note which is legal tender commits an offence and is liable on conviction to a fine of Sh5,000 for each note so destroyed, or one year imprisonment in default.

State Attorney Tilumanywa Majigo told the Kisutu Resident Magistrates Court that the accused conspired and committed the offence on diverse dates between January 1, 2017 and September 30, 2019 in difference places within Dar es Salaam city.