Ethiopia: Bank Records of Detained Corruption Suspects Shows ‘Dirty Money’ Hidden

BY ESAT NEWS Bank accounts of corruption suspects who run multi-million dollar projects in Ethiopia shows only few thousands of dollars in balances, according to a source, who said the money might have been sent offshore. The Ethiopian Satellite Television ESAT learnt that the largest money available in the balances of the over 50 suspects […]

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TPLF Imposed Travel Ban on High Level Officials

BY ESAT NEWS A travel ban has been imposed on high level TPLF officials, family members and accomplices suspected of embezzlement as part of the ongoing campaign against corruption in Ethiopia, which critics say has so far targeted small-time scoundrels and left top TPLF officials who are widely accused of pocketing millions of dollars untouchable. […]

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Ruling EPRDF Holds Emergency Meeting Following the Arrest of ‘Corrupt’ Officials

How rampant is corruption in Ethiopia? By ESAT News, The Ethiopian People’s Revolutionary Democratic Front (EPRDF) called an emergency meeting on Friday as over one hundred government officials and businessmen have reportedly been arrested for an alleged corruption. Information reaching ESAT indicate the government had also frozen the assets of the alleged corrupt officials and […]

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Ethiopia Feeling the Pinch of Illicit Financial Outflows

By Tesfa Mogessie | for Anadolu Agency, Alarmed by increasing illicit financial outflows, Ethiopia says it is taking new counter measures including installing advanced CCTV cameras at airports and establishing a special intelligence unit. A report released by Global Financial Intelligence last January revealed that $26 billion left the country unlawfully in many forms between 2004 […]

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