Yericko Nyerere
JF-Expert Member
- Dec 22, 2010
- 16,987
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Tanzania security agencies are investigating how millions of euros from an Italian political party were transferred into the country through a foreign commercial bank and invested in the country.*
Police have learnt that around 10 million euros ($13 million) were transferred to Tanzania in dubious circumstances. Information made available last week from Italy indicates that the treasurer of the Northern League political party (which is allied to former prime minister Silvio Berlusconi), Francesco Belsito, is under investigation for fraud, embezzlement and money laundering.
Italys Guardia di Finanza (the financial unit of the tax police in Rome) is presently investigating a questionable 4.5 million euro ($5.9 million) transfer to Tanzania, while 1.2 million euros ($1.5 million) were sent to Cyprus and 1 million euros ($1.3 million) were invested in Norway Crowns.
Investigation by*The EastAfrican*in Dar es Salaam showed that the money in question was sent to Tanzania through Federal Bank of the Middle East (FBME) in Cyprus and then to FBME Bank in Tanzania. Mr Belsito was apparently the one who deposited the money in the Tanzania bank.
Tanzanias Financial Intelligence Unit (FIU) is investigating the case on suspicion of embezzlement, aggravated fraud committed against the state and money laundering.
The chief prosecutor of Milan, Edmondo Bruti Liberati, told*The EastAfrican*that three judicial offices, co-ordinated by Milan assistant public prosecutor Alfredo Robledo and public prosecutors Roberto Pellicano and Paolo Filippini, were investigating the case alongside the financial police.
The other investigators include prosecutors Henry John Woodcock and Vincenzo Piscitelli for Naples with the Carabinieri from the NOE ecological operational unit; Reggio Calabria prosecutor Giuseppe Lombardo with police officers from the DIA intelligence unit are investigating possible financial fraud on cheques going back and forth from Italy to FBME Bank in Tanzania.
Police have learnt that around 10 million euros ($13 million) were transferred to Tanzania in dubious circumstances. Information made available last week from Italy indicates that the treasurer of the Northern League political party (which is allied to former prime minister Silvio Berlusconi), Francesco Belsito, is under investigation for fraud, embezzlement and money laundering.
Italys Guardia di Finanza (the financial unit of the tax police in Rome) is presently investigating a questionable 4.5 million euro ($5.9 million) transfer to Tanzania, while 1.2 million euros ($1.5 million) were sent to Cyprus and 1 million euros ($1.3 million) were invested in Norway Crowns.
Investigation by*The EastAfrican*in Dar es Salaam showed that the money in question was sent to Tanzania through Federal Bank of the Middle East (FBME) in Cyprus and then to FBME Bank in Tanzania. Mr Belsito was apparently the one who deposited the money in the Tanzania bank.
Tanzanias Financial Intelligence Unit (FIU) is investigating the case on suspicion of embezzlement, aggravated fraud committed against the state and money laundering.
The chief prosecutor of Milan, Edmondo Bruti Liberati, told*The EastAfrican*that three judicial offices, co-ordinated by Milan assistant public prosecutor Alfredo Robledo and public prosecutors Roberto Pellicano and Paolo Filippini, were investigating the case alongside the financial police.
The other investigators include prosecutors Henry John Woodcock and Vincenzo Piscitelli for Naples with the Carabinieri from the NOE ecological operational unit; Reggio Calabria prosecutor Giuseppe Lombardo with police officers from the DIA intelligence unit are investigating possible financial fraud on cheques going back and forth from Italy to FBME Bank in Tanzania.
