UFISADI: The Making Of IPTL

IPTL suffer legal setback in resisting winding up

By Rosina John
THE CITIZEN

A Malaysian company that owns and operates the controversial Independent Power Tanzania Limited (IPTL) has suffered a legal set back in its attempts to block the winding up of business after a suit filed by one of its shareholders was thrown out.

The High Court yesterday struck out an appeal lodged by Mechmar Corporation against a wind up suit filed by VIP Engineering and Marketing Limited.

The ruling by the district court registrar S.H Kenemelo on behalf of High Court judge Catherine Oriyo, means that VIP Engineering owned by Dar es Salaam businessman James Rugemarila can now go ahead and present its case for winding up of IPTL. The trader owns 30 per cent stake in the power generating company.

The suit by the businessman was in response to an earlier order by the London Court of International Arbitration granting permission to initiate wind up proceedings.

The court yesterday said Mechmar Corporation, the majority shareholders of IPTL, has failed to prosecute its application as ordered by the court on February 5.

Judge Oriyo said that she had ordered the parties to file their submissions in support or opposition of the defence application, but Mechmar Corporation defaulted to comply.

"The respondents (Mechmar) for reasons best known to themselves did not comply with the court order made on February 5. The logical question is what follows next? This court is enjoined to make its ruling on this so that the case can proceed. The consequence of failure to prosecute own case is dismissal," she said.

There were claims that Mechmar Corporation had not filed the submissions in support of their case because they had filed a notice of appeal and an application for leave to appeal to the Court of Appeal against dismissal of an objection over another application seeking to set aside the said award.

In her ruling, however, the judge said that the notice of appeal and the application for leave to appeal were filed after the court had made an order that written submissions be filed according to the prescribed time table after which the court would deliver its ruling on the issue involving enforcement of the arbitration award.

The judge, therefore, ordered the parties to proceed to determine another issue, in the same case involving appointment of an official receiver for IPTL and directed the VIP company to file their submissions on November 11.

Mechmar Corporation, on the other hand, would file its reply on November 21, and the VIP company would file its rejoinder, if any on November 27.

The court would deliver its ruling on the issue on December 15.
 
IPTL yaweka kwa mfilisi

Theopista Nsanzugwanko
Daily News;
December 16, 2008
Mahakama Kuu jana ilimteua Kabidhi Wasihi wa Serikali kuwa mfilisi wa Kampuni ya kuzalisha umeme ya Independent Power Tanzania Limited (IPTL). Jaji Katherine Oriyo alifikia uamuzi huo baada ya kukubaliana na maombi yaliyowasilishwa hapo na Kampuni ya VIP Engineering and Marketing Limited.

Kutokana na uamuzi huo, mali zote zinazohusu kampuni hiyo ya IPTL zinakuwa chini ya Kabidhi Wasihi wa Serikali na viongozi wa kampuni hawaruhusiwi kufanya chochote bila kupata maelekezo ya Kabidhi Wasihi.

Kwa mujibu wa sheria na taratibu, Kabidhi Wasihi anatakiwa kufanya upelelezi wa madai yaliyotolewa na Kampuni ya VIP dhidi ya Mechmar juu ya ufujaji wa fedha za kampuni ya IPTL na matumizi mabaya ya uongozi na baadaye kuandaa taarifa ambayo itawasilishwa mahakamani kwa uamuzi zaidi.

Katika uamuzi wake, Jaji Oriyo amezingatia mambo kadhaa ikiwamo ushahidi usiopingika uliotolewa kwa njia ya hati za viapo; sheria na uamuzi kadhaa wa kesi za nyuma kabla ya kufikia uamuzi huo. Mwanasheria Michael Ngalo na Respicus Didace waliwakilisha Kampuni ya VIP Engineering, wakati wakili Dilip Kesaria aliiwakilisha Kampuni ya IPTL na Mechmar Corporation ya Malaysia ambao ni wanahisa wakubwa wa IPTL.

Kampuni ya VIP Engineering inayomiliki asilimia 30, inamlalamikia mwanahisa mwenzake, Mechmar Corporation anayemiliki asilimia 70 ambayo ina hisa na kampuni ya IPTL, kwa matumizi mabaya ya fedha za kampuni. Jaji Oriyo alisema vitendo vya manyanyaso, ufujaji wa mali za kampuni vimekuwa vikilalamikiwa na kampuni ya VIP Engineering kwa muda wa miaka saba sasa tangu 2001.

Kutokana na hali hiyo, alisema kulikuwapo na haja ya haraka ya kuteua mfilisi kabla kesi ya msingi inayohusu kufilisiwa IPTL haijaamriwa na kutolewa uamuzi kama ilivyothibitishwa kwenye hati za viapo zilizotolewa na Mkurugenzi wa VIP Engineering, James Rugemalira za Februari 25, 2002 na Septemba 24, 2003.

Alisema vigezo vilivyoainishwa kwenye hati hizo za viapo vinaonyesha kuwa VIP Engineering na IPTL watapata hasara kubwa kama mfilisi hatateuliwa, lakini Mechmar hataathirika kwa namna yoyote, sana sana ataendeleza vitendo vinavyodaiwa vya kufuja mali za kampuni. Jaji Oriyo alisema pia kuwa kwa maslahi ya umma, kulikuwapo umuhimu wa kuteua mfilisi huyo ili kulinda haki za wale wote wanaiodai IPTL kama Tanesco, serikali pamoja na wadau wengine ndani na nje ya nchi.

Serikali kupitia Shirika la Umeme Tanzania iliingia mkataba na IPTL, Juni 8, 1995. Mkataba huo ulianza kutekelezwa Mei 26, 1995. Kulingana na mkataba huo ambao umekuwa ukilalamikiwa kwa miaka mingi na wananchi, TANESCO imekuwa ikilipa takriban Sh bilioni tatu kila mwezi, na ingeendelea kutoa malipo hayo kwa kipindi cha miaka 20.
 
Duh, tahnks God! Wokovu u karibu, ukombozi umekaribia!
 
Mwikimbi said:
what is the fate of iptl contract with tanesco?
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kampuni ikiwa mufilisi na mikataba yake inakuwa null and void.
Lakini wasi wasi wangu hapa ni kuwa hii inaweza kuwa njama ya kutaka kufufua madai ya IPTL dhidi ya serikali
 
Hatimaye wameweza...inaelekea huyu Mama anajiamini sana na umafia wa hawa Mechmar Corporation ya Malaysia..

Ama moto wa ufisadi umefanya vilainisha misimamo ya majaji wote kuwa vya moto?

Tanzanianjema
 
Sam Information yako ni ya kina na maelezo sahihi. Asante kwa kazi nzuri.
Nadhani ndio maana ni muhimu kumpeleka Mkapa mahakamani ili iwefundisho kwa maraisi wengine. Watu wa namna hii ya Mkapa, maofisa wake na Rugelarmira wanatakiwa kuchukuliwa kwa hatua za kichina. Ruta atabakia mzalendo
 
The VIP Engineering and Marketing Limited have accused its co-shareholder-Mechmar Corporation (Malaysia) Berhard-of conspiring with two international banks and a foreign company to create fraud liabilities worth billions of shillings for the Independent Power Tanzania Limited (IPTL).

The Director of the company, Mr James Rugemalira named the banks in his affidavit filed at the Court of Appeal as Standard Chartered Bank (Hong Kong) Limited and RHB Bank Berhad of Singapore and a company by the name of Stork Wartsila Diesel BV-which constructed the IPTL electricity plant at Tegeta area in Dare s Salaam.

Mr Rugemalira was reacting to an application filed by Mechmar Corporation, seeking orders to stay the execution of a decision of the High Court, which placed the country’s giant electricity generating company under receivership of the Administrator General.

He stated in his counter affidavit that Mechmar Corporation has been illegally converting IPTL assets and diverting huge amounts of money from the banks' accounts by dubious means, taking unfair advantage of itself and imposed unilateral oppressive control of IPTL.

“The applicant (Mechmar) sold thousands of tonnes of IPTL fuel oil to ORYX. The fuel oil sales proceeds were initially credited to IPTL’s bank accounts with Citibank Tanzania Limited and Stanbic Tanzania Limited both of Dar es Salaam,” the director stated.

But, according to him, such amount was immediately transferred from those bank accounts in Tanzania to IPTL’s USD account number 01-75-000192-06 with RHB Bank Berhad Singapore from where they were immediately transferred back to Mechmar Corporation. Mr Rugemalira stated further that Mechmar Corporation also misappropriated Fuel Oil Excise Duty Refunds which it paid to itself without authority of the IPTL Board or leave of the court.

Such amount must be recovered by the appointed official receiver, he stated. He stated that in the strategy to continue misappropriating IPTL’s Fuel Oil and Excise Duty Refunds on fuel oil, Mechmar Corporation obstructed conversion of the IPTL Power Plant into natural gas firing for more than four years to the unfair prejudice of the company as a whole.

The director stated that Mechmar Corporation had been conniving with the Wartsila Company to demand that the Tanzania Electric Supply Company (Tanesco) must pay disputed cost for gas conversion of about 22 million US dollars; while the conversion costs was only 11,583,000 US dollars.

Mr Rugemalira stated further that as found by High Court Judge Katherine Oriyo in her ruling dated December 16, 2008 that the VIP Engineering Company stands to suffer irretrievably if the provisional liquidator of IPTL was not appointed.

“The applicant on the other hand cannot suffer any prejudice if an officer of the court acting under the guidance and supervision of the court takes steps to protect assets of IPTL and safeguard the interests of IPTL, its creditors and shareholders,” he stated in the affidavit.

According to him, the only reason why Mechmar Corporation was seeking to cover the facts was because it wants to continue its wrongful acts of corporate waste, diversion of funds, conversion of assets, fraud and continue denying VIP Engineering its legal rights in IPTL.

He stated that on December 29, last year, on behalf of VIP Engineering Company, he served notices to the banks and the Wartsila Company and one Martha Kaveni Renju, among others, to provide legally proofs of their assertions on rights of his company shares in IPTL, but none of them complied. In its application, Mechmar Corporation, the majority shareholder of IPTL, wants the court to stay the execution of the High Court, pending determination of the application for revision, as there were serious irregularities in the proceedings leading to such ruling and orders

Source: Daily News; Saturday,January 17, 2009
 
Huyu (Mwizi) Rugemarila ni mshenzi tu...........yaani sasa hivi ndio anajifanya kufichua uozo kwa kuwa naye anatapeliwa!!!......Damn!
 
Invisible said:
Be my guest!

Mi kwa sasa wakuu nimechoka akili, nahisi natakiwa kutosoma chochote na wala kuandika chochote.

Tanzania ina wenyewe!
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kiongozi mageuzi huanza kwa ideas na wakereketwa wachache sana even mmoja tu, but effect yake ni kubwa pia huweza kuonekana even 100yrs,history will crown you sir,dont give up, ' i can see light at the end of tunnel i assure you'
 
Invisible said:
Be my guest!

Mi kwa sasa wakuu nimechoka akili, nahisi natakiwa kutosoma chochote na wala kuandika chochote.

Tanzania ina wenyewe!
Click to expand...

Mkuu mi ninakubaliana na wewe. Ni bora sasa tuweke pamba masikioni na kuvaa miwani za mbao tusisome kitu. Yaani Serikali hii hii inaamulu Tshs 23 billion kwa mwezi kulipia miambo ya IPTL itakapowashwa, lets say mpaka uchaguzi mkuu wa 2010 uishe. Huu ni ufisadi mkubwa tena sana. Kama hela zipo kwa nini wasifanye maamuzi ya kuinvest kabla ya majanga.

Halafu Mkulo anasema hela zipo, hii ni EPA ingine in making. Uchaguzi 2010 huooo!. Nchi hii kweli ina wenyewe sisi yetu macho tu, Ila mimi kinachoniuma ni kutozwa kodi yangu halafu inaishia mifukoni mwa wajanja. Ingekuwa silipi kodi wala nisingeumia.
 
Lakini jamani hii IPTL si ndiyo hiyo tulisema haitufai je inakuwaje tena hivi imekaaje! hebu jaribu kunikumbuka.
 
Kwa ufupi 1st post imekuwa updated...

Angalia chini ya picha hii:

 
Jamani tuacheni utani! Am i reading the figures correctly au vipi? Was the figure $624 Million? Okay...

what do we do? Common guys...lets make make a plan. Action speaks louder than words. We need to show them sisi sio makondoo.
 
nawalaumu wapishi wa viongozi wetu kwa kuwawekea bangi katika chakula walacho ndo maana mara nyingi hawa wakoloni weusi wanakuja na maamuzi yanayochefua sana.

Hivi nchi inaingia gizani halafu viongozi wanatafuta mchawi bila kujali hasara nchi inayoingia kwa kuwa gizani. gadem.

naogopa kuchangia nisije nikatukana bureee
 
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