A PROMINENT Businessman in Tanzania, Ndama Hussein (44) alias Mtoto wa Ng’ombe, yesterday escaped a five-year custodian sentence when he paid a fine of 200m/- after being convicted of money laundering amounting to $540, 000.
Kisutu Resident Magistrates’ Court in Dar es Salaam yesterday convicted Mtoto wa Ng’ombe of the offence on his own plea of guilty last week.
However, he denied involvement in other related offences of conspiracy, forgery and obtaining money by false pretences. Since such offences are bailable and having managed to pay the fine on the money laundering count – and for which he was convicted -- trial Magistrate Victoria Nongwa ordered Mtoto wa Ng’ombe to fulfill certain conditions in order to be bailed out on the remaining charges.
In the yesterday’s proceedings, the businessman was also able to fulfill such conditions including depositing in court a title deed of immovable property certified at a value of over 600m/-.
The other bail conditions – which he also met -- included securing two reliable sureties who signed a bond of 100m/- each. Such fulfillment of bail conditions enabled Mtoto wa Ng’ombe to join the family he had ‘temporarily’ left for about a year.
The case was adjourned to tomorrow when the prosecution will provide a status of investigation in the case on the remaining counts. It is alleged that the accused person committed the offence between February 26 and March 31, 2014.
The prosecution alleged that on March 6, 2014, in the city, Hussein forged a certificate of clearance from the UN Dar es Salaam Office purporting to show that 207kg of the minerals from Democratic Republic of Congo (DRC) intended to be exported by Muru company to Trade TJL Limited having being cleared of criminality.
Similarly, on February 20, 2014, the accused person is alleged to have made a customs declaration form purporting that Muru Company has paid 331,200 US dollars as importation tax to Tanzania Revenue Authority for the said minerals at 8,280,000 US dol lars imported from DRC, while it was false.
The prosecution told the court further that on the same day in the city, Hussein forged insurance cover from Phoenix of Tanzania Assurance Company Limited, showing Muru Company had insured the four boxes containing the minerals.
Between February 26 and March 3, 2014, in Dar es Salaam, with intent to defraud, the businessman allegedly obtained from Trade TJL Limited 540,390 US dollars by falsely pretending that he would supply and export the 207kg of the said minerals valued at 8,280,000 US dollars.
The prosecution alleged further that within the same period, Hussein directly engaged himself in a transaction involving money, the sum of 540,390 US dollars, which were proceeds of predicate offence of obtaining money by false pretence.
According to the prosecution, the accused person is alleged to have directed the money to be credited in a bank account held at Stanbic Bank in the name of Muru Platinum Tanzania Investment Company Limited and subsequently withdrawing the sum in cash.
The case was adjourned to June 16, this year for mention, until the time when this paper was going to press the defence was processing the fine.