Wednesday, October 28, 2020

Ex-CEO of Tanzania’s Bank M charged with fraud, money laundering

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The former chief executive officer of Tanzania’s Bank M was charged with fraud and money laundering on Thursday, two months after the central bank revoked the bank’s licence. Sanjeev Kumar, who denied the charges at a court in the commercial capital Dar es Salaam, was sent to a remand prison as suspects in money laundering cases are not entitled to bail.

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