FORMER official with Exim Bank, Neema Kinabo (30), has been sentenced to pay 130m/- or go to jail for five years for laundering money amounting to 125,885 US dollars deposited with the bank for various tourist services for tour operators in Arusha.
This follows the decision by Resident Magistrate-in- Charge at the District Court of Arusha, Desdery Kamugisha to convict the ex-Operation Manager with the bank's Arusha Branch, on her own plea of guilt to the count charged contrary to section 3 (k), 12 (a) and 13 (a) of Money Laundering Act.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article