TANZANIA POSTAL BANK FRAUD: 'CITY BOYS' IN DAR COURT FOR MONEY LAUNDERING

Two Dar es Salaam residents were yesterday arraigned at the Kisutu Resident Magistrate’s Court charged with two counts, including money laundering.

The accused, including an IT system analyst with the Tanzania Postal Bank (TPB), Mr Baraka Madafu, and a businessman, Mr Ally Salehe Shomari, were charged with conspiracy to defraud and money laundering.

Before Resident Magistrate Gabriel Mirumbe, it was alleged that on different dates in July 2010, the duo conspired to defraud the TPB, some $339,606.77 (equivalent to Sh550.162m).

The prosecution alleged that on different days between July 12 and 27, in 2010, the first accused person, Mr Madafu, transferred the money to United Arab Emirates (UAE).

The second defendant,  Mr Shomari who was in Dubai between July 12 and 27, 2010, then allegedly withdrew the cash from a Western Union Money Transfer point, while both knew that the transfer and acquisition said monies was the proceeds of the offence. 

The accused pleaded not guilty and were remanded until August 5 when their case will appear for another mention.

Source: The Citizen