Mgimwa makes statement on alleged off-shore money


BabuK

BabuK

JF-Expert Member
Joined
Jul 30, 2008
Messages
1,847
Points
1,225
BabuK

BabuK

JF-Expert Member
Joined Jul 30, 2008
1,847 1,225
Finance Minister Dr William Mgimwa yesterday said the government will not rush to making decisions on claims that some Tanzanians stashed billions of shillings in offshore accounts, including Switzerland.
The finance minister issued the government stand in Mwanza when speaking to reporters a few minutes before the graduation ceremony held for certificate graduands of Rural Development planning course in Lake Zone branch.
“It’s true there are claims that some individuals are holding offshore accounts abroad where billions of shillings are believed to be stashed.
However, the government cannot rush into taking action, “including arresting the people without following proper international legal procedures and rules and regulations,” he said.
According to Dr Mgimwa, some of the procedures include having in hand names of such individuals, involvement of Financial Intelligence Unit in investigating the claims and readiness of the Swiss government to prove the claims.
Dr Mgimwa said under the law not all money kept in an offshore bank account was ill-gotten. “That is why we, as the government, are planning to have foreign reserve abroad,” he said.
Dr Mgimwa denounced claims that the government feared to arrest the suspects to explain its failure of its decision to drag its feet in working over the matter.
“It’s not true that our silence means we are afraid of dealing with the suspects.
“For instance, we are making correspondence with the Swiss government where people are claiming individuals have stashed away billions of shillings.” he said.
“What my office is doing is to follow the international laws, rules and regulations in dealing with the matter. In that sense it is too early to blame the government over this issue,” Dr Mgimwa insisted.
He challenged people to name individuals they suspect so that the government can have a starting point.



SOURCE: THE GUARDIAN
 
Bitabo

Bitabo

JF-Expert Member
Joined
Sep 27, 2011
Messages
1,899
Points
1,250
Age
35
Bitabo

Bitabo

JF-Expert Member
Joined Sep 27, 2011
1,899 1,250
Huyu Mgimwa ameanza kuwa kiazi sasa. Huku anasema eti the government is following international procedures to deal with the matter.
On the other line anasema he is challenging those names to be mentioned so that the government can have the starting point.

This is too low from Dr. Mgimwa
 
L

lukme

Senior Member
Joined
Apr 18, 2012
Messages
191
Points
0
Age
37
L

lukme

Senior Member
Joined Apr 18, 2012
191 0
what a naive statement given by the minister!
 

Forum statistics

Threads 1,284,539
Members 494,169
Posts 30,831,046
Top