THREE people appeared before the Kisutu Resident Magistrate’s Court in Dar es Salaam last week charged with eight counts of conspiracy, forgery, stealing and laundering of over 200m/- from a transaction allegedly made at Exim Bank, Kariakoo Branch.
They are Faisal Shariff (38), a former banker, Jamal Saad (46), a businessman from Arusha and Shehzad Walli (32), also a business resident of Kawe within the city. The trio denied the charges before Principal Resident Magistrate Wilbard Mashauri.
They were remanded in custody because they are facing money laundering charge, which is not bailable under the law. The case was adjourned to March 23, for mention, as investigations into the matter are incomplete.
State Attorney Adolf Mkini, for the prosecution, told the court that on diverse dates between August and November 2012, at unknown places in the city, jointly and together, all the accused persons conspired to commit an offence of stealing.
It is alleged that on August 1, 2012 at Exim Bank Kariakoo Branch within the city, with intent to defraud, Shariff and Saad made a false document called Debit Transfer form, purporting to show that funds amounting to 100m/- were overdue for transfer to an account maintained by Saad, while it was untrue.
The prosecution alleged that on September 29, 2012, at the Bank in Ilala District, fraudulently and without any claim of right, the two accused persons stole the said 100m/-.
It was alleged further that on January 11, 2013 at the same Bank at Kariakoo, fraudulently and without any claim of right, Shariff and Saad stole 10m/-.
The duo was charged with money laundering count. The prosecution told the court that on diverse dates between September 28 and October 1, 2012 at the Bank in Ilala District, jointly and together, they transmitted 100,020,000/- through a bank account operated by Saad at the Bank branch.
According to the prosecution, the accused persons did so while knowing or ought to have known that the same money was proceed of predicate offence of forgery.
It is claimed that the accused persons effected such transaction for the purpose of disguising the illicit origin of that money and evading legal consequences for their actions. The court heard further that on November 15, 2012 at Exim Bank at Kariakoo, with intent to defraud, Shariff and Walli made a false document called a printed email.
They purportedly showed that Choaxian Zhou, signatory of Red Ore Mining Company Limited had instructed Branch Manager of the bank to transfer funds amounting to 50,000 US dollars from an account operated by the said mining company to another account operated by Walli at the same bank.
It is alleged that on the same day and place, fraudulently and without any claim of right, the two accused persons stole the said 50,000 US dollars.
The prosecution alleged further that on diverse dates between September 28 and October 1, 2012, at the Bank, jointly and together laundered the said amount by transmitting the sum though the account operated by Walli at the same bank branch.
It is alleged that Shariff and Walli knew or ought to have known that the same money was proceeds of predicate offence of forgery. The accused persons are alleged to have made such transaction for the purpose of disguising the illicit origin of that money and evading legal consequences for their action.