A local investment company, VIP Engineering and Marketing Limited, has filed before the High Court in Dar es Salaam three reports implicating Standard Chartered Bank (SCB) of massive extraction of funds from Independent Power Tanzania Limited (IPTL).
The filing of the three reports from three international experts comes a few days before Judge Salvatory Bongole starts hearing the 490.9m US dollars (about 1tri/-) case involving Standard Chartered Bank Groups and three other defendants.
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