Rugemalira names suspected culprits in Escrow scandal at Dar Court
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Rugemalira names suspected culprits in Escrow scandal at Dar Court

Standard Chartered Tanzania Ltd and Standard Chartered Hong Kong are the organizations who caused a massive loss billions of shillings in the scandal.

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Rugemalira names suspected culprits in Escrow scandal at Dar Court

Standard Chartered Tanzania Ltd and Standard Chartered Hong Kong are the organizations who caused a massive loss billions of shillings in the scandal.

05 January 2018 Friday 18:20
Rugemalira names suspected culprits in Escrow scandal at Dar Court

By Emmanuel Onyango

A prominent businessman James Rugemalira who is accused of money laundering today Friday  revealed more about his case at Kisutu Resident Magistrate’s Court in Dar es Salaam, Tanzania.

Before the presiding magistrate Thomas Simba, Rugemalira mentioned two organizations that are directly involved in one way or another after the prosecutor of the Prevention and Combating of Corruption Bureau (PCCB) Leonard Swai told the court that the investigation is not yet complete.

Rugemalira told the court that, “the Standard Chartered Tanzania Ltd and Standard Chartered Hong Kong are the organizations who caused a massive loss billions of shillings in the scandal.

After brief explanations before the magistrate, an advocate of the accused Michael Ngalo asked the prosecution side to quicken the investigation of the case and if are not able to do so, then they should withdraw the charges against them.

After having being explained, Rugemalira raised up his hand and claimed that he was sick suffering from internal cancer  now for nine years and that he had been receiving medical treatment in  India, but now the disease has emerged as a swelling in his body.

According to him, he claimed that he had already presented his evidences of the whole matter associated with theft to the anti-corruption body (PCCB) in order to take action against the two organizations.

 He told the court that, the two organizations are the ones that blackmailed him and stole from, the company he is running of VIP..

Another accused in the case from IPTL  Harbinder Singh Sethi  told the court that, the problem of the disease facing him is well known, and that he is ready to give cooperation including legal documentations so as to reveal the truth about the case.

Elaborating more, the magistrate Simba said that the health condition of the accused is among the most important aspect and that they must undergo medical check up and also has asked the prosecution side to fasten  investigations  and he  adjourned the case until 19th January this year.

Azania Post

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