Senior manager at Acacia Mining in Tanzania is arrested over alleged tax evasion and money laundering
One of Acacia Mining’s senior managers in Tanzania has been charged by the country’s anti-corruption agency
One of Acacia Mining’s senior managers in Tanzania has been charged by the country’s anti-corruption agency.
The struggling gold miner said the employee, who is a Tanzanian, has been arrested and charged over alleged tax evasion, forgery and money laundering.
He has pleaded not guilty on all counts, but due to rules about offences under Tanzania’s anti-money laundering act, he cannot be released on bail.
Thirty-nine charges were brought by the Prevention and Combating of Corruption Bureau against three of Acacia’s subsidiaries and a current and a former employee last week.
Acacia has been unable to export gold concentrate from Tanzania since a government ban in March. In July, the government slapped the London-listed miner with a bill of around £146bn for unpaid taxes.
And earlier this year Acacia fell out of the FTSE 250 as Tanzania’s crackdown took its toll.