Billions Lost Over Tanzania's Escrow Saga

According to a report by the Public Accounts Committee, the entire process was characterised by corruption and money laundering.

  • Tanzania:   Mixed Legal Feelings Over Escrow

    Daily News, 27 November 2014

    THE High Court's order that seeks to stop the National Assembly from debating a report by Controller and Auditor General (CAG) on the Escrow Account saga has attracted a mixture of… Read more »

Tanzanian MPs demand on the Independent Power Tanzania Limited debate.

  • Tanzania:   Escrow Deals Scandalous - PAC

    Daily News, 27 November 2014

    THE National Assembly was on Wednesday told that payment of over 300bn/- from the Tegeta Escrow account was shrouded in fraud, corruption and gross negligence. Read more »

  • Tanzania:   ... Billions Lost in Unpaid Taxes

    Daily News, 27 November 2014

    THE transfer of monies from the Tegeta escrow account from the Bank of Tanzania (BoT) to Pan African Power Solutions (PAP) subjected the state to revenue losses through failure to… Read more »

  • Tanzania:   Drama As MPs Demand IPTL Saga Debate

    Daily News, 27 November 2014

    THERE was drama in the mid morning session in Parliament on Wednesday as Members of Parliament attempted to compel the Chair person of the National Assembly Mussa Azan Zungu to… Read more »

  • Tanzania:   MPs Discuss Escrow Scam On Wednesday

    Daily News, 26 November 2014

    DESPITE Parliament's stand that the Tegeta Escrow Account report would be debated today as planned, the Judiciary on the other hand, ruled that the debate be called off until the… Read more »

  • Tanzania:   MPs Decry 'Escrow' Report Spill

    Daily News, 25 November 2014

    LAWMAKERS on Monday expressed concern over the weekend leak of official parliamentary documents related to the Controller and Auditor General (CAG) report on the Tegeta escrow… Read more »

  • Tanzania:   No Judiciary Interference in IPTL Saga, Bunge Told

    Daily News, 22 November 2014

    THE Judiciary has not written any formal letter to Parliament aimed at discouraging the tabling of Controller and Auditor General's (CAG) report on IPTL saga in the House. Read more »

  • Tanzania:   Bunge to Discuss IPTL Saga for Two Days

    Daily News, 23 November 2014

    TIME for legislators to discuss the Controller and Auditor General's (CAG) report on the Independent Power Tanzania Limited (IPTL) Tegeta escrow account matter has been increased… Read more »

  • Tanzania:   Escrow Account Report On PAP Lap

    Daily News, 18 November 2014

    THE audit report by the Controller and Auditor General (CAG) on the controversial Tegeta Escrow account was handed over to the Parliamentary Account Committee (PAC), with Deputy… Read more »

  • Tanzania:   CAG Escrow Report Handed Over to Prime Minister

    Daily News, 16 November 2014

    FINALLY the Controller and Auditor General (CAG) report on transactions involving the Independent Power Tanzania Limited (IPTL) escrow account in the Bank of Tanzania (BoT) has… Read more »

  • Tanzania:   Give CAG Time On IPTL, MPs Told

    Daily News, 13 November 2014

    THE government has said it is unfair for MPs to exert pressure on the Office of the Controller and Auditor General (CAG) to rush their investigation report on the Independent Power… Read more »

  • Tanzania:   IPTL Escrow Report for Debate Nov 26, House Rules

    Daily News, 13 November 2014

    THE National Assembly insisted that the Independent Power Tanzania Limited (IPTL)'s escrow account report by the Controller and Auditor General (CAG) will be discussed on November… Read more »

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