Wednesday, March 30, 2016

Two Chinese nationals admit 30m/- Tanzanian currency export racket

FAUSTINE KAPAMA
TWO Chinese nationals, Su Ning (39) and Feng Guang Quan (51), appeared before the Kisutu Resident Magistrate’s Court in Dar es Salaam charged with exporting Tanzanian currency notes worth 30m/- without permit from the Governor of the Bank of Tanzania (BoT).

Before Senior Resident Magistrate Cyprian Mkeha, the two businessmen pleaded guilty to the charge. They were remanded in custody until today when the court will pronounce its judgment against them.
The offences under which the two Chinese are facing are contrary to Regulation 10 (a) of the Foreign Exchange Regulations GN No. 629 of 1998 read together with Section 12 (2) (a) and (3) of the Foreign Exchange Act.
After the two Chinese had admitted to the charges against them, the prosecution led by Senior State Attorney Shadrack Kimaro, assisted by State Attorney Estazia Wilson, presented a memorandum of facts, detailing how the two committed the offences.
The prosecution further produced in court the money that was impounded from the two accused persons as exhibits.
It further produced the cautioned statements as part of exhibits, for the two Chinese wherein they admitted to have committed the offences. According to the prosecution, the two Chinese committed the offences on different dates in 2015 and 2016 at Julius Nyerere International Airport (JNIA) within Ilala District in the city.
The prosecution told the court that between August 15 and 31, last year, at the airport, the two accused persons transported to China 10,000 notes of five hundred denominations each, all valued at 5m/-, without permit from the BoT Governor.
It was alleged that the two accused persons committed a similar offence involving similar amount between December 22 and 31, last year.
The court heard further that on March 15, this year, at the airport, the accused persons transported to China 40,000 notes of five denominations each worth 20m/

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