Ethiopian government announced 519 bank accounts suspended
Borkena
Toronto – Ethiopian government has arrested 112 individuals over alleged illegal forex trade and sabotage against the financial system.
National Information and Security Services (NISS), Financial Security Service, Ethiopian Federal Police and Regional security agencies conducted a joint operation.
Seven of the suspects are foreign nationals including Chinese. The suspects are accused of involvement in illegal transfer of money.
In addition to the arrest, 519 bank accounts are suspended. Details about the banks where the accounts were opened and the amount of money in the accounts is undisclosed.
The government alleges that the suspects were engaged in organized illegal forex trading activity “against macro economic reform.”
Also, the suspects were said to have been involved in illegal money transfer services, money laundering, legalizing illegal money and other illegal activities.
Some of them were said to be managing a “high” amount of capital without having a legally recognized business and offering money transfer services.
They were making a high amount of foreign currency to remain in a foreign country and illegally paying out transfer amounts in Ethiopia – with Ethiopian Birr. The government claims to be losing the revenue from currency exchange during money transfer to Ethiopia.
NISS also alleged that the suspects “were engaged in activity that inflicted serious damage to the country’s economy and supported armed groups in the country.”
They were reportedly using illegal international money transfer services (unspecified), money transfer applications and cryptocurrency applications.
Furthermore, they are said to have sabotaged the import and export trade. Again the manner in which they sabotaged it is unexplained.
There is no indication that suspects are allowed access to lawyers. Also, at the time of this writing there is no information as to what the suspects have to say about the allegation.
On October 21 this year, the National Bank of Ethiopia announced that it is preparing to take legal action against individuals engaged in illegal money transfer services.
Today, it has confirmed that it has started taking measures against individuals involved in illegal forex service, money transfer and export trade.
It did not provide further information other than highlighting that it is partnering with “relevant” government security structures.
While regional security services are involved in the operation, the government is unspecified from which regional government.
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Operatives in the mix, the commie goons in Beijing are showing the clueless Africans how “Workers of The World Unite’ and ‘The Proletariat Dictatorship’ work. You don’t keep money stacked up in one location but you laundry it tacking precious metals along with it. The gold mines in Tigray were never happier because they have been laundered spotless everyday. They have been ‘On The Long March’ with Debre in the lead for the first time since the 1930’s. That is why Debre and his entourage are not just ordinary Tigrayans but of pure gold race. Pure gold race? I get it!!!
Look at that.