DAR ES SALAAM, April 3 (Reuters) – Tanzanian authorities on Wednesday charged the managing director of Vodacom Tanzania with economic crimes, court documents seen by Reuters showed.
Egyptian Hisham Hendi “intentionally and wilfully organised a criminal racket, which caused the government…to suffer a pecuniary loss” of more than 5.9 billion Tanzanian shillings ($2.55 million), the documents said. ($1 = 2,310.0000 Tanzanian shillings) (Reporting by Fumbuka Ng’wanakilala; Editing by Omar Mohammed and Kirsten Donovan)
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.