Central Banking

Tanzania jails two over central bank corruption scandal

Bank of Tanzania

On Tuesday, two businessmen were jailed in the first court case against the perpetrators of a central bank payments scandal in Tanzania.

Businessmen Farijala Hussein and Rajabu Maranda were sentenced to five years in prison by Kisutu Resident Magistrate's Court in Dar es Salaam for their roles in the scam. The two were found guilty of offences related to financial impropriety, forgery and obtaining credit under false pretences, and were instructed to return the money they had taken. They are

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