Posted Date:: 26.01.2008 @03:12 EAT Top state officials own firms in sh133bn theft By The Citizen Team Three companies out of 22 that swindled about Sh133 billion from the Central Bank through External Payments Arrears, were formed and registered by some top officials from the State House, The Citizen can reveal. The three companies are Excellent Services Ltd, Clayton Marketing Ltd and Kagoda Agriculture Ltd. The Investigations conducted by the Citizen has established that Excellent Services Ltd was registered on 27th April, 1992 as a company limited by share, with two directors owning 100 shares each. The principal objectives of the company according to its Memorandum of Association, was to carry out business of secretarial, printing, publishing, general stationeries and office equipments. Others were to conduct clearing and forwarding agents, bonded warehouses, cargo haulers and freight forwarders. It was officially registered on May 14th, 1992, according to available details. Investigation by The Citizen has further revealed that Clayton Marketing Ltd was established on 20th May, 2005 as a company limited by shares, with its principal objectives of conducting stationeries, telecommunication and printing business. The company was officially registered on June 6th, 2005, with two directors owning 40 shares each. The witness of its formation and registration was B.S. Malegesi of Dar es Salaam who is an advocate and commissioner for oaths. According to details obtained by the Citizen, the three companies together were paid about $36(Sh40 billion) between September and December 2005. Investigation by the Citizen has established that all four directors named as the shareholders of these companies except one, were employees of the State House during the dubious transactions that cost the nation billions of shillings. Another director who is also a shareholder of Kagoda Agriculture Ltd and a nominated MP had a strong link with top official within the State Intelligence and used the opportunity to influence dubious payments within the BOT. However, Kagoda Agriculture Ltd, which obtained the lion's share of EPA billions amounting to $30.8 million has three directors. Two out of these are among the nine companies that earned close a total of Sh42 billion without having any supporting documents, to justify the heft payments, while one of them is in the group of the 13 companies that used forged documents to fetch a total of Sh90 billion. The Citizen has also established that another company, Njake Hotel and Tours Ltd, was formed and registered by a senior officer from the Central Bank in April, 2005. The company fetched close to $2 million between May and November, 2005. It is in the category of the 13 companies that obtained billions of money by using forged documents, The Citizen has established. Whether the State was aware about the involvement of its top security officials in the looting of billions of taxpayers money or not is still not clear. In another development, The Citizen has also established that on Tuesday this week, the Special Task Force Team interrogated senior officials from Maregesi Law Chambers for ten hours about the theft of Sh133 billions. Maregesi Law Chambers is among the 9 companies that obtained billions of shillings from BOT without having any supporting documents, according to the recent EPA auditing report. On Tuesday this week, Special Taskforce Team to investigate the theft of Sh133 billions at the BoT through the External Payment Arrears (EPA) account, vowed to recover the money, amid criticism from the opposition parties. The Team was ordered by President Kikwete to investigate and arrest all those who are responsible with theft of billions of taxpayers monies. It has also been tasked by the duty of recovering the all stolen monies. Kikwete also directed that the stolen billions of money be returned to government coffers immediately. In a statement released by the chairman of the team, the Attorney General, the team applauds support of members of the public, saying so many people have voluntarily offered to give information on the dubious deals that led to loss of money. Ernst and Young in their report revealed that at least 22 companies were involved in dubious payment from BoT, totalling to Sh133 billion. But out of the mentioned company, some 13 local companies pocketed Sh90, 359,078,804 using forged documents during the 2005/6 financial. The report also showed that other nine companies that were irregularly paid Sh42 billion while they do not exist in the list of registered companies.