Mereja.Forum

[MINILIK SALSAWI]

The office of the federal attorney general said that work is underway to recover over 130 billion birr stolen public funds that had been embezzled by government officials and affiliate investors and diverted to foreign countries.

Presenting the 11 months performance report of his office to the national parliament on Wednesday, Attorney General Berhanu Tsegaye said his office is investigating and working to repatriate the wealth of the nation stolen by the corrupt officials and their affiliates.

Those corrupt officials who are allegedly involved in such offenses reportedly deposited their stolen assets in foreign banks in such countries as in Singapore and Dubai banks.

Berhanu said the government has reached agreements with various countries to recover the stolen public funds, which some were obtained in loans and financial aid from donors and international organizations.

The government led by Prime Minister, however, is criticized by some for allowing corrupt officials to stay in power, despite his government’s repeated charges against corruption since he came to power. Some of these critics also see the drive against corruption as targeted against certain groups and not others.

According to the attorney general, out of the total recovered stolen money, 95 billion birr was located during the past Ethiopian budget year and the remaining $35 billion identified during the first three months of this budget year.

Berhanu did not mention the foreign banks and the list of all countries where the money was being recovered. Since it came to power, the government of Abiy Ahmed has vowed to pursue illicit money stashed in foreign countries. However, so far no money has been recovered from any foreign entity.

Absence of strong legislative and regulatory framework with multiple legal tools to detect corrupt activities and illicit financial flows, rapidly freeze of assets, and conduct effective investigations and long court processes are believed to have created safe heaven for corrupts officials to live freely.

More public wealth had been diverted to foreign countries in various methods by government officials and their affiliate investors, Berhanu added.

Zinabu Tunu, public relations head at the Attorney General office said that the name of individuals and countries where the stolen funds had been stashed in each case have already been identified. He said a directorate has been established to recover the funds and works are also underway to bring the criminals before justice.

Zinabu said the case is very complex and time-consuming and the office is finalizing investigation to disclose the result of the investigation in the near future.

Prime Minister of Ethiopia Abiy had expressed his administration’s commitment to repatriate the wealth of the nation stolen by the corrupt officials and their affiliates.

Source - office of the federal attorney general

[Fed_Up]

130 billion is tip of the iceberg. Government needs to dig a little bit dipper.

Dollar 130/32 = 4.06 billion dollar

Not bad!! 9 billion dollars to go. This amount of cash money will help to finish construction cash deprived Renaissance Dam.

[opmerc]

130 billion is tip of the iceberg. Government needs to dig a little bit dipper.

Dollar 130/32 = 4.06 billion dollar

Not bad!! 9 billion dollars to go. This amount of cash money will help to finish construction cash deprived Renaissance Dam.

You sound super defensive Fed_Up. Relax. This doesn't diminish how much your country managed to earn at any point in history.

This repatriated amount is enough to build another GERD, much less fund the almost completed one. Especially now that your former friends are not there to embezzle from it. And GERD is not cash deprived, it has already been fully earmarked and construction on it has been at full speed for some time now.

Just to catch you up on events in case you were busy with your own affairs:

https://fanabc.com/english/2019/11/cons ... completed/

[Za-Ilmaknun]

"The office of the federal attorney general said that work is underway to recover over 130 billion birr stolen public funds that had been embezzled by government officials and affiliate investors and diverted to foreign countries."

"According to the attorney general, out of the total recovered stolen money, 95 billion birr was located during the past Ethiopian budget year and the remaining $35 billion identified during the first three months of this budget year."

Is it recovered or in the process to be recovered ?

[Za-Ilmaknun]

[Revelations]

"The office of the federal attorney general said that work is underway to recover over 130 billion birr stolen public funds that had been embezzled by government officials and affiliate investors and diverted to foreign countries."

"According to the attorney general, out of the total recovered stolen money, 95 billion birr was located during the past Ethiopian budget year and the remaining $35 billion identified during the first three months of this budget year."

Is it recovered or in the process to be recovered ?

It's diversion skim used many times over in the last two years. The heat is up so ODP/PP whatever they call themselves are throwing anything to turn it down including the effort to shift the chaos to the northern Ethiopia, especially Amhara!

[opmerc]

"The office of the federal attorney general said that work is underway to recover over 130 billion birr stolen public funds that had been embezzled by government officials and affiliate investors and diverted to foreign countries."

"According to the attorney general, out of the total recovered stolen money, 95 billion birr was located during the past Ethiopian budget year and the remaining $35 billion identified during the first three months of this budget year."

Is it recovered or in the process to be recovered ?

The reports are that the amounts being reported have been recovered and ongoing work is for remaining amount (25-30 billion dollars total has left the country this way). But there is not much of a step between identification of the money and recovery once the governments agree to cooperate with each other. The important part is when they find the accounts then that money stops being available to the culprits and it is tracked and subsequently frozen.

[opmerc]

It's diversion skim used many times over in the last two years. The heat is up so ODP/PP whatever they call themselves are throwing anything to turn it down including the effort to shift the chaos to the northern Ethiopia, especially Amhara!

That heat you feel is from a sudden rush of panic from realizing the only rallying cry you had is fast disappearing and no one cares about your nonsense anymore. Or maybe it's realizing your income stream is about to dry up real quick. I can't quite tell. But the sweat is obvious.

[Revelations]

It's diversion skim used many times over in the last two years. The heat is up so ODP/PP whatever they call themselves are throwing anything to turn it down including the effort to shift the chaos to the northern Ethiopia, especially Amhara!

That heat you feel is from a sudden rush of panic from realizing the only rallying cry you had is fast disappearing and no one cares about your nonsense anymore. Or maybe it's realizing your income stream is about to dry up real quick. I can't quite tell. But the sweat is obvious.

Concrete facts not fluffs! Show us the money or zip it!

[opmerc]

Concrete facts not fluffs! Show us the money or zip it!

Which money? The recovered money or the money you were paid to spam daily?

[Revelations]

Concrete facts not fluffs! Show us the money or zip it!

Which money? The recovered money or the money you were paid to spam daily?

It's fluff & zip folks as I warned you!

[opmerc]

It's fluff & zip folks as I warned you!

I have no idea what you just said or attempted to say. Here are your possible response options:

1) I mean the money returned. I expect the government to give me a tour of vaults where this money is kept. I want to see actual joniyas filled with dollar bills otherwise this story is fake and a conspiracy.
2) I'm talking about the money I'm paid to spam. It might actually have slowed to a crawl or stopped already which explains why I was so erratic these past few days and why I am so mad right now.

[Revelations]

It's fluff & zip folks as I warned you!

I have no idea what you just said or attempted to say. Here are your possible response options:

1) I mean the money returned. I expect the government to give me a tour of vaults where this money is kept. I want to see actual joniyas filled with dollar bills otherwise this story is fake and a conspiracy.
2) I'm talking about the money I'm paid to spam. It might actually have slowed to a crawl or stopped already which explains why I was so erratic these past few days and why I am so mad right now.

Inspector Clouseau, you're not! Fluff trader, definitely you are!

[EPRDF]

It's diversion skim used many times over in the last two years.

I totally agree with revelations' assumption. It could be a diversion scheme from a serious political issue of the domestic. Besides, the PM is hailed from ethnic Oromo hence it is very unlikely to be such a competent and to recover such a huge amount of money in two years time of being in office. The only candidate who is qualified for such miracles can only emerge from ABN, melaw Amara, esapa or from something like that.

[Revelations]

It's diversion skim used many times over in the last two years.

I totally agree with revelations' assumption. It could be a diversion scheme from a serious political issue of the domestic. Besides, the PM is hailed from ethnic Oromo hence it is very unlikely to be such a competent and to recover such a huge amount of money in two years time of being in office. The only candidate who is qualified for such miracles can only emerge from ABN, melaw Amara, esapa or from something like that.

What did you have for lunch, EPRDF/PP? Koref?

[opmerc]

Inspector Clouseau, you're not! Fluff trader, definitely you are!

Whatever you say buddy. Just remember, there are other lines of work. Expand your horizons and you'll realize there is nothing to be so upset about.