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Real Economy News in Real Time
R/€ = 15.81 Change: -0.09
R/$ = 13.91 Change: -0.09
Au 1283.23 $/oz Change: 4.27
Pt 792.20 $/oz Change: -6.83
 
 
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Ethiopia charges ex-head of military firm METEC with corruption

11th January 2019 BY: Reuters

Ethiopia charged the former head of military-run industrial conglomerate METEC with corruption on Thursday, nearly two months after his arrest.

Kinfe Dagnew was charged with four counts of corruption related to the procurement of tractors, said a judge in the Lideta High Court in Addis Ababa. His co-defendants faced three further charges. Kinfe was arrested after a months-long investigation into METEC, which uncovered suspicious procurement practices involving more than $2 billion. 

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EDITED BY: Reuters
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