Skip to main content

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."

Popular posts from this blog

Kate Kainja passes away

Nyasa Times "Minister of Women and Child Development Kate Kainja-Kaluluma has passed away in United Kingdom. “Indeed Hon Kate Kainja Kaluluma has died,” confirmed family friends in London. The 57-year-old minister was admitted to a North England hospital – York Hospital. Diplomatic sources at Malawi High Commission in London have said arrangements are being made to send her remains to Malawi. Kainja who was Dedza South West Constituency parliamentarian flew to United Kingdom for medical attention after a long-illness. She is survived by a husband, Emanuel Kaluluma and three children."