Jason Bourne
JF-Expert Member
- May 11, 2011
- 200
- 438
How the government handles the latest power sector scam could have a major impact on President Kikwetes political legacy
Heads may be about to roll after revelations about the contested transfer of 200 billion Tanzania shillings (US$124 million) from an escrow account in the central bank, the Bank of Tanzania, to Harbinder Singh Sethi's Pan Africa Power Solutions Tanzania Limited (PAP). The complex details of how Sethi acquired Independent Power Tanzania Ltd. (IPTL) and then raided the BoT account have now been pieced together by two opposition members of parliament, Zitto Kabwe and David Zacharia Kafulila, with the help of The Citizen and Mwananchi newspapers.
Source: http://www.africa-confidential.com/article-preview/id/5790/Power_fraud_unravels
Heads may be about to roll after revelations about the contested transfer of 200 billion Tanzania shillings (US$124 million) from an escrow account in the central bank, the Bank of Tanzania, to Harbinder Singh Sethi's Pan Africa Power Solutions Tanzania Limited (PAP). The complex details of how Sethi acquired Independent Power Tanzania Ltd. (IPTL) and then raided the BoT account have now been pieced together by two opposition members of parliament, Zitto Kabwe and David Zacharia Kafulila, with the help of The Citizen and Mwananchi newspapers.
Source: http://www.africa-confidential.com/article-preview/id/5790/Power_fraud_unravels
