Jeetu Patel Kazamia Dubai?

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As reported by ThisDay:

Jeetu Patel pictured: Amidst new reports of his sighting in Dubai

THISDAY REPORTER
Dar es Salaam

A KEY figure behind the fast-unfolding Bank of Tanzania (BoT) external payment arrears scandal, business tycoon Jeetu Patel, has reportedly disappeared to Dubai in the United Arab Emirates as investigators in Dar es Salaam continue to question several other people linked to the embezzlement of over 133bn/- from the central bank.

Sources close to the prominent businessman, whose full name is Jayantkumar Chandubhai Patel and who is known to hold a British passport, now say he has been ’’holed up in Dubai City ever since the EPA embezzlement scandal exploded in Tanzania.’’

’’Jeetu Patel is in Dubai, where he owns some real estate property. I don’t think he’ll be coming back to Tanzania any time soon,’’ said a source familiar with the businessman’s movements.

According to THISDAY findings, Jeetu Patel is the bona fide owner of at least nine of the 22 companies illegally paid billions of shillings from the EPA account using forged documents.

It has been officially verified that Jeetu Patel is a listed shareholder in the following companies linked to the central bank scandal; Navycut Tobacco (T) Limited, Ndovu Soaps Limited, Bina Resorts Limited, Bencon International Limited and Maltan Mining Company Limited.

Others are Bora Hotels & Apartments Limited, Venus Hotels Limited, B.V Holdings Limited, and VB & Associates Company Limited.

Most of the companies owned by the businessman were registered in April 2005, just a few months before becoming recipients of EPA funds amounting to billions of shillings through the use of false and forged documents.

While Patel is now reported to be in the desert resort ’paradise’, questioning of various other personalities believed to be involved in the EPA funds issue is proceeding in Dar es Salaam as part of the high-level investigation ordered by President Jakaya Kikwete.

’’Investigators operating from a government building in Mikocheni have already taken sworn statements from some of the registered owners of companies identified as having received the EPA money,’’ another source told THISDAY.

Apart from Jeetu Patel, other interesting names linked to companies that benefited from the dubious EPA payments are Beredy Sospeter Malegesi, Johnson Lukaza, and Elisifa Ngowi.

’’Most of these people who are in Dar es Salaam have been repeatedly interrogated by investigators over their knowledge of the fraud as company shareholders. But so far, Jeetu Patel seems to have avoided the grilling sessions,’’ said our source.

Jeetu Patel was also identified in a 1994 parliamentary committee investigation as one of the key architects of the infamous Debt Conversion Programme (DCP) funds misuse scam at the BoT - which was quite similar to the present-day EPA scandal.

Although the Bunge probe committee chaired by former MP Edward Oyombe Ayila recommended a thorough government investigation and prosecution of the businessman over the DCP scandal, he was never officially investigated.

Insiders say Patel enjoyed close connections with a number of senior officials in the third phase government under former president Benjamin Mkapa.

THISDAY has also discovered that Jeetu Patel owns an expensive mansion overlooking the Indian Ocean in the upmarket Msasani suburb of Dar es Salaam. Experts say the luxury property on Plot Number 1413, near the Coral Beach Hotel, has an estimated value of around $5m (approx. 6bn/-).

He is believed to live in his Msasani mansion alone when he is in town.

Apart from owning a string of companies that directly benefited from the EPA account scam, Patel is chairman and managing director of Noble Azania Group, the parent company of several local firms involved in trading, agriculture, manufacturing and automobiles.

Companies that fall under the group include Noble Azania Auto Spares Limited, K. N. Cure Limited, Noble Agricultural Enterprises Limited, Holden Ginners Limited, Noble Azania Industries Limited, Noble Foods and Beverages Limited, Noble Distilleries Limited, and Noble Motors Limited.

Patel also holds a substantial stake in the recently-inaugurated Bank M (Tanzania) Limited, through Noble Azania Investments. He is one of the bank’s major shareholders, having invested 1.3bn/- out of its initial listed share capital of 6.5bn/-.

Sources say about half of the 133bn/- embezzled from the BoT has long been stashed away in off-shore bank accounts.

Dubai, which has no extradition treaties with many countries including Tanzania, has emerged as a favourite resting ground for several individuals with links to the companies listed in the BoT looting.
 
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Mpanda Merikebu

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Maskini urithi wetu ulioibwa na huyu fisadi....sijui ni nani ataanza kuvamia majumba,mashamba na biashara zake kama walivyomfanyia Ballali!
 
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Mzee Mwanakijiji

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Yaani kachota Benki Kuu kuinvest Bank M (Bank Mafisadi)... where is Mkono?
 
Mtanganyika

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Mtanganyika

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MK,
Mkono yupo Bungeni anajadili Richmond and IPTL. Hiyo ndio Tanzania bwana, hakuna rule of law.
 
Shukurani

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Shukurani

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Kubwa ni kukamata wote waliokuwa wanajihusisha nae then huyo tutatumiwa interpool kumnasa. Sina hakika kama hizi fedha zitarudi kweli kama alivyotuhakikishia JK.
 
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Mtanzania

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Hivi hawa Wahindi watatuibia mpaka lini? Ndio Tanzania inakaribisha wageni, lakini sio kwa lengo la kuja kutuibia bila huruma hata kwa wananchi ambao wanaishi kwa umaskini mno.

Ukiangalia kila ufisadi kuna Wahindi, why?

Waangalia, kuna siku wananchi watachukia kama kule Kenya na kuwashughulikia wote. Hata Idd Amin alichukizwa na ujinga wao huo wa kutumia kila njia kuwaibia wananchi.

Wasione wananchi kama tumelala kwasababu tu ya viongozi wetu, mchezo wanaocheza, kuna siku utaleta maafa kwa jamii nzima ya Kihindi.

Sasa wamevamia hata bungeni bila aibu yoyote. Hivi kuna Mhindi hata mmoja ambaye ni kiongozi au mwanachama wa chama cha upinzani? If not, why?
 
Bongolander

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Bongolander

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Mzizi wa hii issue yote haiko kwa Patel, Patel ingawa yupo lakini huyo jamaa mimi binafsi naona kama ni imaginary figure ambayo watu wameitumia kuiba mapesa ili mzigho atwishwe yeye, na wahusika wakuu waachwe na waendelee kutesha. Kama akiibuka Robin Hood Tanzania for sure tunawajua tu, sasa tumsubiri huyo Robin Hood, for sure yuko ndani ya CCM sisi tunamsibiri tu!...
 
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Alpha

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main.jpg


Nothing but a F@#$^*& common thief.
 
Nyambala

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Nyambala

Nyambala

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Hivi kwani angekuwepo around kama wakina Rostam au Chenge angefanywa nini au mmesahau kwamba uchunguzi ni miezi sita. Na maamuzi ni baada ya hapo!!!!!!!!!
 
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Mwafrika wa Kike

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Hivi hawa Wahindi watatuibia mpaka lini? Ndio Tanzania inakaribisha wageni, lakini sio kwa lengo la kuja kutuibia bila huruma hata kwa wananchi ambao wanaishi kwa umaskini mno.

Ukiangalia kila ufisadi kuna Wahindi, why?

Waangalia, kuna siku wananchi watachukia kama kule Kenya na kuwashughulikia wote. Hata Idd Amin alichukizwa na ujinga wao huo wa kutumia kila njia kuwaibia wananchi.

Wasione wananchi kama tumelala kwasababu tu ya viongozi wetu, mchezo wanaocheza, kuna siku utaleta maafa kwa jamii nzima ya Kihindi.

Sasa wamevamia hata bungeni bila aibu yoyote. Hivi kuna Mhindi hata mmoja ambaye ni kiongozi au mwanachama wa chama cha upinzani? If not, why?
Mtanzania,

kuna kikao cha watanzania hapa jimboni kwangu kilikaa na kutoa azimio la namna ya kudeal na watu kama Jiiiitu Patel. Muda wao unahesabika tu tik tak tik tak tik tak........
 
Mwiba

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Mwiba

Mwiba

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Watakimbia wote na atakaechelewa atahimizwa !!!Apo subirini tikitak tiktak ._.
 
Kasheshe

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Kasheshe

Kasheshe

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Mimi nawapa big UP, jamaa waliona watanzania wengi mazumbulukuku... kwa hiyo wakachukua nafasi hiyo kuchukua chao mapema....
 
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Mimi nawapa big UP, jamaa waliona watanzania wengi mazumbulukuku... kwa hiyo wakachukua nafasi hiyo kuchukua chao mapema....
Naam, I admire your 'contrarian' view Kasheshe, katika kila jambo. Way to go man!
 

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