Six arraigned over 4.8bn/- fraud

Six arraigned over 4.8bn/- fraud

SIX people, including a bank officer with National Bank of Commerce (NBC) have appeared before the Kisutu Resident Magistrate’s Court in Dar es Salaam on Thursday facing 11 economic sabotage charges relating to fraudulent acquisition of about 4.8bn/- loans.

They were Salvina Karugaba (46), a banker, Baraka Madafu, (39), Mark Mposo, (40), Lusekelo Mbwele, (39), Leena Joseph, (39) and Benard Mndolwa, (47), all senior officials with Peertech Company Limited, being defended by Advocates Alex Baromi and Abbriaty Kivea.

Peertech Company Ltd is privately-owned, offering portfolio of services and products on Telecommunications, Information Technology, Security systems, Civil works, Tank calibration, E-waste management, Elevators, Power and Renewable energy systems in Tanzania and African market.

The accused persons were not allowed to enter plea to the charges of leading organised crimes, forgery of documents, uttering false documents, obtaining money by false pretences and money laundering because the case has been filed under the Economic and Organised Crime Control Act.

Presiding Principal Resident Magistrate Kassian Matembele informed the accused persons that his court lacked jurisdiction to entertain anything, including the question of bail because the law restrained them to be bailed out having been charged with money laundering.

Under the circumstances, the magistrate adjourned the case to March 12, 2021 for mention.

Investigations into the matter, according to the prosecution, led by Principal State Attorney Paul Kadushi and Senior State Attorney Wankyo Simon, have not been completed.

Prosecuting, the trial attorneys told the court that on diverse dates between December 4, 2018 and December 31, 2020 at various areas in Dar es Salaam, jointly and together, all accused persons managed a racket whereas by means of fraudulent pretences, obtained from NBC a sum of 4,786,800,000/-.

The court heard that between February 6, 2019 and February 13, 2020 at Masaki area in Ilala District, all accused persons made three false Corporate Guarantee Agreements bearing different dates, purporting to show that 91 individuals named as beneficiaries were employees of the company, while it was false.

It is alleged that on February 30, 2020 at the same area in the city, by false pretences and with intent to defraud, all accused persons jointly made a false Special Resolution Peertech Company Limited.

The prosecution alleged that the accused persons purported to show that board members had resolved to introduce to NBC 20 listed individuals as permanent employees of the company, the fact which they knew to be untrue.

Between February 6, 2019 and February 13, 2020 at Masaki area in Ilala District, knowingly and fraudulently, the accused persons jointly and together allegedly uttered the said documents to the Bank for similar false pretences.

The prosecution told the court that on diverse dates between December 4, 2018 and December 31, 2020 at various places within the city and region of Dar es Salaam, by false pretences and with intent to defraud, the accused persons obtained 4,786,800,000/-.

It is alleged that the accused uttered false documents purporting to show that 78 individuals were permanent employees of Peertech Company and that the company had guaranteed them to receive loans under the Credit Agreement, while it was not true.

The prosecution charged the accused persons with money laundering in that within the same period in the region and city of Dar es Salaam they, jointly and together, acquired the money in question.

According to the prosecution, the accused persons knew at the time of receipt such sum was proceeds of predicate offences of forgery and participating in an organised criminal group and racketeering.

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