Wednesday, February 13, 2008

Comm’n Requests Former ETC CEO’s Assets Frozen

Addis Fortune: "The Federal Ethics and Anticorruption Commission (FEACC) requested the Federal High Court to freeze properties belonging to former CEO of the Ethiopian Telecommunications Corporation (ETC), Tesfaye Birru, and 26 management members that were under his supervision.

“The executives have exposed the Corporation to a loss of 1.54 billion Br,” reads the request tabled on January 2. “Therefore, residences, automobiles and bank accounts with the name of the accused should be frozen.”

On January 4, 2008, the First Criminal Bench of the Federal High Court ordered the Commission to specifically identify the properties belonging to each suspect."