Ethiopia: Bank Records of Detained Corruption Suspects Shows ‘Dirty Money’ Hidden

Bank accounts of the 56 corruption suspects in Ethiopia shows a balance of only few dollars
Capital Flight? Bank account records of the 56 corruption suspects who run multi-million dollar projects in Ethiopia shows only a balance of few hundreds of dollars.


Bank accounts of corruption suspects who run multi-million dollar projects in Ethiopia shows only few thousands of dollars in balances, according to a source, who said the money might have been sent offshore.

The Ethiopian Satellite Television ESAT learnt that the largest money available in the balances of the over 50 suspects was about 15,000 dollars.

The assets and bank accounts of the suspects have been frozen by the authorities when the crackdown against them began last month.

Fifty six businessmen and government officials have so far been put behind bars accused of squandering and pocketing millions of dollars.

Balances on the bank accounts of Aser Construction shows only about 4,500 dollars. Aser is a share company established by a group of engineers, with the main shareholder being Arkebe Oqubay, a member of the inner circle of the TPLF, who, as a board member of the Ethiopian Airlines, has allegedly awarded Aser millions of dollars contracts for the construction of condominiums and other airport constructions.

The accounts of DMC Construction and Yemane Girmay Construction show about 6,500 dollars. DMC Construction, owned by Daniel Mamo, is allegedly a business partner of Prime Minister Hailemariam Desalegn, who ESAT’s source said has helped Daniel Mamao get the awards of several construction contracts.

The largest balance was on the accounts of Gemshu Beyene Construction, which also owns the Elilly International Hotel in Kazanchis, a company associated with Abadula Gemeda, the Speaker of the House and Sufian Ahmed, the former minister of finance.

Last week a travel ban was imposed on high level TPLF officials, family members and accomplices suspected of embezzlement, according to ESAT’s sources.

The campaign against corruption did not lay a finger on higher officials of the TPLF who are widely accused of pocketing millions of dollars, casting doubt if the regime is really serious about wiping out corruption. Some believe it was just a show while others say it was an indication of the internal crisis within the TPLF.

Transparency International in its recent report says illicit financial flows continues in 2016 and money from corruption could make it even higher. According to Global financial Integrity, Ethiopia lost US$11.7 Billion in Illegal Capital Flight from 2000 through 2009.

Recent studies by Transparency International also show that Ethiopia is among the top ten African countries by cumulative illicit financial flows related to trade mispricing.

28 thoughts on “Ethiopia: Bank Records of Detained Corruption Suspects Shows ‘Dirty Money’ Hidden

  1. FYI …

    Regional bus transportations in Ethiopia disrupt ahead of looming strikes

    Bus transportations to the Oromo region from the rest of the country disrupted ahead of the five day stay at home strikes in the region that begins tomorrow as the regime deploys massive troops.

    Buses serving the oromo region have been parked at stations in Addis Ababa, Bahir Dar and in a number of towns today. Buses that were scheduled to leave the Oromo region were also disrupted. Passengers to the Oromo region were seen receiving refunds at the main bus terminal in Addis Ababa.

    Reports also show that security forces blocked a number of highways connecting towns in the region.

    A five day stay at home strike has been called in the Oromo region to demand the release of political prisoners and in memory of those who lost their lives at the hands of security forces in protests last summer. The strikes were also called to oppose tax hikes recently imposed by the regime.

  2. በኦሮምያ የተጠራውን የ5 ቀናት የስራ ማቆም አድማ ተከትሎ ከፍተኛ ቁጥር ያለው የመከላከያ ሃይል በክልሉ ተሰማራ

    ( ኢሳት ዜና ነሃሴ 16 ቀን 2009 ዓም) – የተለያዩ የመብት ጥያቄዎች ምላሽ እንዲያገኙ ለመጠየቅ ነጋ ነሃሴ 17 ቀን 2009 ዓም በኦሮሞ ተወላጅ ወጣቶች የተጠራው የ5 ቀናት የስራ ማቆም አድማን ተከትሎ በሺዎች የሚቆጠሩ የመከላከያ ሰራዊት ፣ የፌደራል ፖሊሶችና የልዩ ሃይል አባላት አድማው ተጠናክሮ ይካሂድባቸው ይሆናል ብለው በገመቱባቸው ዋና ዋና ከተሞችና የገጠር መንገዶች ላይ በብዛት ሲሰማሩ ውለዋል።

    የአካባቢው ወኪላችን እንደገለጸው ወታደሮች ቅኝቶችን እያካሂዱ ሲሆን፣ አንዳንድ ወጣቶችን እየጠሩ ጥያቄዎችን ሲጠይቁ ታይተዋል። በክልሉ ምንም አይነት የተሽከርካሪ እንቅስቃሴ እንደማይካሄድ፣ ትእዛዙን በመጣስ መኪኖቻቸውን ሲያሽከረክሩ የተገኙ ሹፈሮችም ሆኑ ባለሀብቶች እርምጃ እንደሚወሰድባቸው ወጣቶች አስጠንቅቀዋል። አንዳንድ አሽከርካሪዎች ከተለያዩ ከተሞች ወደ ኦሮምያ አካባቢዎች ለሚጓዙ መንገደኞች ትኬቶችን ላለመሸጥ መወሰናቸውን የደረሰን መረጃ ያመለክታል። አድማው ተግባራዊ ሊሆን ይችላል የሚል ግምት ያደረበት የህወሃት/ኢህአዴግ አገዛዝ፣ አድማውን በሃይል ለማክሸፍ ወስኖ እየተንቀሳቀሰ ነው።

    በቅርቡ በአምቦና ወሊሶ ዶ/ር መረራ ጉዲና እና አቶ በቀለ ገርባን ጨምሮ ሌሎች የፖለቲካ እስረኞች እንዲፈቱ የሚጠይቅ የስራ ማቆም አድማ መካሄዱ ይታወሳል።

    1. 75% percent of Ethiopians are farmers and now there is a rumour that they are preparing themselves to join strike by defying Woyane’s fertilizer high cost and land tax. In undeveloped and politically handcuffed Ethiopia, if farmers join the strike, Woyanes big companys like EFORT and MESFIN ENGINEERING COMPANY and others will come to stillstand. Addis Ababa the city for different international intitutions will be in big crisis, since it cannot stand on its own leg without the daily supply of foods from the surrounding Oromian region.

      1. Who is organizing all these strikes?? Or Who’s behind the invisible hand, so to speak???

        These highly organized concerted strikes are surely going to speed up the demise of the TPLF regime.

        1. Wether it is Oromos or Amharas, or other Ethnic groups, now Ethiopians have developing new methode of resisting Woyane. The first methode is, how to tame or panish the traitors who are working for Woyane against their peoples. If not for such traitor group, Woyane doesn’t know our mountains, forests, caves, rivers, swamps etc.etc. Even Ethiopians can use the Vietnamese traditional fighting tactics to paralyz thousands of Woyane soldiers who are roaming about in for them stranger regions like Oromia, Amhara Kilil, South Peoples, Benishangulgumuz and Gambella.
          BTW, for your above question, Woyane is terrified and considers the organizers of the resistance as the invisible “ghosts or goblins” which are terrifying.

          1. Interesting. Your response suggest these are grassroot strikes …. and that’s why TPLF are worried. TPLFite surely understand effectiveness of such bottom up revolt. Thanks for the quick response. Cheers to TPLF demise!

          1. VOA Amharic program reported about the all-out strike in Oromia region ….

            በኦሮሚያ ከተሞች የሥራ ማቆም አድማ

            በኦሮሚያ ክልል አያሌ ከተሞች የንግድ ሱቆች ተዘግተው መዋላቸው ታወቀ፡፡ በአንዳንድ ከተሞች የሱቅ ባለቤቶች በግድ እንዲከፍቱ ተደርገዋል ተባለ፡፡

            ለተጨማሪ የተያያዘውን የድምፅ ፋይል ያዳምጡ።

          2. I can’t say I am a fun of Jawar …. but he is surely the best at mobilizing the Oromo people. What’s impressive about Jawar is he knows at setup the Woyanes… the above tweet is proof of it: “keep the Agazi forces [away] from streets”. Guess what they Woyanes are going to do???

            Anyhow, the Oromo people cant be stopped going forward and the Woyane’s State of Emergency is nothing but public relations gimmick.

  3. 77 billion birr (400 million dollar) was unaccounted and the regime couldn’t trace a dollar out of that money. Beware of the naked man who offers you clothes. As the saying that goes, the hyena says: ‘All roads lead to a village.’ – offshore accounts ….

    1. This amount is the tip of the iceberg. There are others who has been looting the country in the name of “development” for the last 15 years.

      Dubai is awash with money paid in birr and received in $ but and loundered back and forth until the desired amount is out…many lefet the country or and many have investments, properties abroad from Dubai all the way to Canada.

      I bet Atakhlti/balance will say it is because the country achived “middle class” good luck to the poor who got.

      1. Bro

        No it should be “Lower middle class” not only “middle class”, those were the expression of the pathetic Atakiliti aka Hatela tigrays. He is assigned by his cousins to intimidate Eritreans with different bravado and excessive usage of typical war rhetoric.

    1. Kisab Z’motu!
      Remember the “visionary” Chiwawa and his $Billions, Can’t use it now as there are no Starbucks in Hell 🙂

  4. here comes the straw that brakes the camel’s back …..

    Oromia regional government blocked distribution of “controversial” primary school books that saw major alphabetical overhaul
    የ1ኛ ደረጃ ትምህርት ቤት አዲሱ የአፋን ኦሮሞ ማስተማሪያ መጽሀፍ ጥቅም ላይ እንዳይውል የክልሉ መንግስት አገደ

    (ኤፍ.ቢ.ሲ) አዲሱ የ1ኛ ደረጃ ትምህረት ቤት የአፋን ኦሮሞ ማስተማሪያ መጽሃፍ ጥቅም ላይ እንዳይውል መከልከሉን የክልሉ መንግስት ኮምዩኒኬሽን ጉዳዮች ቢሮ አስታወቀ።

    አዲሱ የማስተማሪያ መጽሃፍ ላይ በተደረገ ጥናት ችግር እንዳለበት በመለየቱ ጥቅም ላይ እንዳይውል መከልከሉን የቢሮው ሃላፊ አቶ አዲሱ አረጋ ገልጸዋል።

    ምሁራን በመጽሃፉ ላይ ባደረጉት ጥናት መጽሃፊ ላይ በርካታ ችግሮች እንዳሉበት ተለይቷል ያሉት አቶ አዲሱ፥ የክልሉ መንግስት ካቢኔም የጥናቱን ውጤት ሙሉ በሙሉ በመቀበል አዲሱ የአፋን ኦሮሞ ማስተማሪያ መጽሃፍ ጥቅም ላይ እንዳይውል አግዷል ብለዋል።

    በ1ኛ ደረጃ ትምህረት ቤት ከሶስት ዓመት በፊት በስራ ላይ የነበረውን መጽሃፍ ወደ ስራ በመመለስ የመማር ማስተማሩ ሂደት ሳይስተጓጎል እንደሚቀጥልም ሃላፊው ተናግረዋል።

    አዲሱ መጽሃፍ የ1ኛ ደረጃ ተማሪዎች የአፋን ኦሮሞ “ቁቤን” (LAGIM…) ከሚል ጀምሮ እንዲማሩ የሚያደርግ ነበር።

    ይህ መጽሃፍ ጥቅም ላይ እንዳይውል መደረጉን ተከትሎም የ1ኛ ደረጃ ተማሪዎች የአፋን ኦሮሞ ቁቤን ከዚህ በፊት እንደነበረው (ABCD…) ከሚለው በመጀመር እንዲማሩ የሚደረግ ይሆናል ተብሏል።

    1. Firstly, the changing of “Qubee” (letters) of Afaan Oromoo will take place, only if Oromos will disappear from the face of planet earth. But, Woyane knows that it cannot extriminate the nearly 45-50 million Oromo population from the face of planet earth.

      Secondly, Woyane is the corrupt, while at the same time it is a judge and jury. So, if the Mafia bosses Aba Tsehaye and his complices are not arrested, the corruption which is taking the country into the hell will never stop. All these corrupted companies like Asar Company, Yamane Girmaye and DMC Company are connected with Woyane’s high officials or authoriy.

    1. ምምባር ጽቡቕ
      ጸቢብ ጭፍራ ኤረይ ዝበደለ
      ልኡኽ ባዕዲ ዉሽጡ ዝመንመነ
      ወሪድዎ ካብ ህዝቢ ኩናኔ

      እንዳለመነ ክጉብልል ዝህቅን
      ጎርቢ ዞባ ኣብ ሰላም ዘይኣምን
      ራኢ-ኣልቦ ጽባሕ ዘይግምግም
      ተቓሪቡ ሂይወቱ ከትምም

      ኣብ ባዶ ዝዕበ ኢዱ ዊጥ ኣቢሉ
      ቁጥሚ መላዓሊ መወቀፍ ዘይብሉ
      ዝመረጸ ጸድፊ ንኤረይ በዲሉ
      ምምባር ጽቡቕ ኣርእዩኒ ኩሉ
      ግዜ ግሩም እንታይ ከውጽኣሉ

    2. Hahahaha, only denkoro can honestly sit there and listen to that fiction. There is no coffee farm that got destroyed, sorry to disappoint you. What I found really funny however, the Vice President got slapped and some fight broke out in the office, Ato Bereket broke the playground fight? Is that what I got? Iway, I would really like to see how many audience members ESAT has listings to this pure garbage. Weyyy gud, please keep us posted on this comedy of the year.

      1. We know what is taking place in every corner of our home land. Stranger like Woyane agent cannot

        tell us about the inside and outside of our home land news. We know our country starting from north Alamata, Weldiya, Dessie to Addis Ababa and to the south, Shashamane, Awasa to Moyale.
        Starting in west from Asosa, Gimbi, Nekemte to Addis Ababa and to the east, Awash, Aseba Teferi to Harar and Dire Dawa.

        The cornered hyna opens its mouth to bite till its last minute of life.
        Yes, you have right to take our ennocence for “denkoronet”. In 1991, the Ethiopian and Eritrean peoples have made a great mistake by allowing the devil in angel’s appearance Woyane to come to power.
        But, today they have learned lessons from that mistake and are working for a common goal.

        All Ethiopians including Eritrea, the Derg’s battle field were fed up of Derg’s brutality and warmonger.
        Eritrea/Shabia pushed Woyane forward to ururp the power thinking to bring peace and stability for the both peoples ( Ethiopians and Eritreans ). Meanwhile, Ethiopians received Woyane with open arms and hearts thinking they were free from the Derg’s brutality, while not knowing that Woyane was the devil in angel’s appearance against humanity.

        Today, the that devil is stripped of all its fake appearances and standing naked in the middle of the road.

        So, we have to call the devil by its natural name !

      2. Miss Sentiko/sheger addis/ Ethio/Balance/My thinking / dan / A Hero from Amhara (TPLF Agent!!! ) I don’t know what kind of nick name you’ll get tomorrow .Anyways! You are pathological liar. You live in a fantasy world where everything said felt false or exaggerated. ለዚህም ነው የምቀኝነትና መሰል የክፋት መድብሎች ዋሻ ሆነህ የቀረክው፡፡ “

        1. If I didn’t know who is leading me, I wouldn’t follow it blindly, unlike you. The people who refuse to listen, oppose it would make up just anything. When I see what’s happening in Oromia, I wish TPLF was in charge but that’s my cynicism. Dr. Debertsion is a patriotic Ethiopian who single handily saved the constitution, God bless tele.

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