It is highly likely that Woyanne ‘investigators’ are fabricating stories and suspects for the missing gold from the National Bank of Ethiopia that worth hundreds of millions of dollars.
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Architects of Gold Scam Out of Country
(The Reporter, Addis Ababa) — Individuals who masterminded the recent gold fraud at the National Bank of Ethiopia (NBE) have left the country before police started to arrest suspects.
Reliable sources told The Reporter that the individual who first started to supply gold plated steel to the NBE was Asmare Ayalew. In 2005 Asmare’s close friend called Samson went to NBE with a forged gold export license named Kefeyalew Umeta Export. Samson, who used the fake identity, Ketyalew Umeta, as his name previously served in the Addis Ababa police commission with the rank of sergeant.
Samson (Kefyalew Umeta) gave a power of attorney to Asmare, which enabled Asmare to supply gold to NBE on behalf of Kefyalew Umeta and to receive payments. According to information obtained from NBE in 2006, Kefyalew Umeta supplied 239.36748 kg of gold with a total value of 35,924,502.59 birr.
From July to December 2007 Kefyalew supplied 222.9623 kg of “gold” valued at 35,974,160.34 birr. Sources told The Reporter that Asmare was supplying the product to NBE on behalf of Kefyalew Umeta and the payment was transferred to Asmare’s bank account in the Commercial Bank of Ethiopia (CBE). Sources said Asmare supplied the product to the NBE by bypassing the Ethiopian Geological Survey’s Central Geo-Chemical Laboratory which is supposed to inspect the gold. Asmare and Samson had wooden boxes which NBE gives to gold exporters.
They also had forged seal of the Ethiopian Geological Survey. According to information obtained from NBE, Kefyalew Umeta Export supplied 529 kg of “gold”, which only 30 kg was real gold. In 2005, the laboratory inspected 30 kg of gold brought by Kefyalew Umeta Export. The laboratory also inspected eight gm of real gold brought by Kefyalew but it was not supplied to NBE after the inspection.
According to sources, at least 200 million birr payment was transferred from NBE to Asmare’s account in CBE. Sources said Samson (Kefyalew Umeta) and Asmare left the country in September 2007. Sources added that Asmare now resides in the US while Samson is in Australia. Asmare helped other individuals who collaborated with him to get out of the country.
Asmare got an investment license to establish a big construction company here in Ethiopia which he used to legally send the money out of the country. Sources said Asmare opened a letter of credit at CBE claiming that he wanted to purchase heavy duty construction machineries from the US. The money was wired to a construction machinery manufacturing company in the US through City Bank. However, after Asmare went to the US he took the money from the company saying he had changed his mind. Asmare and Samson took their families with them.
The Federal Ethics and Anti-Corruption Commission’s Prosecutor is expected to file charges against 26 suspects who are under custody accused of an alleged involvement in the gold fraud on the coming Monday. Sources said some of the business people under custody learnt about the fraud from Asmare and Samson.
When the commission took the case to the Federal High Court the file was called under the file of Kefyalew Umeta. However, now the file is called under the file of Mudesir Mohammed. Mudesir, owner of Sofam Enterprise, is in custody together with his four brothers and one nephew. Four individuals from the Ethiopian Geological Survey, seven from NBE and 15 business people and other individuals. According to the Federal Auditor General report, the NBE has lost 158 million birr. However, sources said Samson and Asmare defrauded the bank of over 200 million birr and this one was not included in the report. The court case is adjourned for 7 April.
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If it is true that a couple of individuals stole this much gold from the NBE (one of the most protected institution in the country), it only confirms what is already known: the Woyanne regime is a gang of dummies.
12 thoughts on “Is Woyanne creating fake suspects for the gold fraud?”
Thankyou for This information 200 million from poor country if we do investigate Ethiopian millionares most of them are crimnals .becouse 200 million birr cost gold stole from one of the most secured and protected bank .I am sure the rest of place very open to be rich Woynne and Afekare Woynne. Denkem Millioners….Dabo yarerebet wegene laye yeemyafsku… badowach lehager denta ylelachew.
Thank you very much indeed for your report,ER. The Gold scandal is the usual Woyannes looting Ethiopia systematically. These two individuals couldn´t be not only the archtects behind the teft. There must be Meles & his company with them.
As for the story of the spectaculat gold fraud that’s been unfolding in recent weeks, I guess it only reinforces the widely known truth that our country is in deed in the hands of highly organised criminals camouflaging as statesmen. This grotesque robbery could not have happened without the complicity of those in high positions of government.
It’s only when we see that ministers and other politically powerful figures are implicated in this sick saga of theft that we can honesly start to trust EPRDF’s committment to scale down the level of corruption eating away the future of the country.
At the moment the suggestions are that no one in Zenawi’s government really cares about how much theft is going on in the country as along as officials are allowed to continue skimming off the nation’s meager resources.
Folks!
It is a long established truth that TPLF members have long been planning and implementing the mafia business of faking gold by gold plating iron bars that they have been storaging, wholesaling and retailing for years.
Most people in Ethiopia knew that Wayanes have been going around in the country and selling fake gold bars to restaurant, hotel, as well as other business owners as far back as in mid 1990s.
In some cases the Wayane scam masters have been captured red handed when some of those business people quickly checked the phony gold bars and alerted police who captured the cone artists while they were running fast to Addis Ababa with their stolen money.
For example back in the late 1990s I was visiting Ethiopia and staying in a hotel some 500 kilometers west of the capital. The hotel was then being owned by a charming Oromo lady. One night she started creeming histerically, shouting, “Oh my God! all my property have gone! help! please help I am robbed! Oh my God I am totally ruined!”
Her children and friends alerted police who found out the scam Wayane trader’s tricks and got them captured by phoning and alerting all the police stations along the road leading to Addis Ababa.
I am sure nothing could happen to those lower level foot soldiers serving higher level hidden Wayane scam masters robing the Ethiopian people and placing the wealths thus robbed in secret foreign banks or washed in some of the TPLF business companies. The current noise about the gold fakery and gold robbery is only news to those who were not conscious about the long and ongoing systematic robberies being practiced by Wayanes. What is the big deal when they have even robbed the entire country and turned it in to their own exclusive private company while the entire spectrum of the opposition camp is divided and helpless in defending justice and equality for all and against robbery, corruption and scam republic.
The scam masters are high level political and economic Wayane functionaries deeply hidden for security puposes just like high level white collar drug barrons and drug masters using street retailers and lower level functionaries who are often sacrifised and gotten disposed off whenever things or part of the criminalities come to light.
They can fool some of the people some of the time, but they cannot fool all of the people all of the time!
Elias
Is there any chance of you catching up with suspect Asmare Ayalew who must presumably be enjoying the loot in freedom ?
Can we hear from him ? Can you pin him down and let’s hear his reactions ? He would probably have sought asylum and moved on to live a quiet life.
wow,
That is unbeleivable something like this to happen without the knowledge or attachment of high level officials.
I think that is why the file name is changed in the court now instead of investigating the right criminals, who has link with the high level officials they are trying to show around the case to put to it on other names.
So genereally it is very sad to hear this kind of ocatrated well known, well planned and well attached with the current government officials corruption plan to kill this poor country and 70 M people.
Therefore, we ethiopians have to be very focused to bring this criminals to the international court weather they live in United States or Australia. One thing we have to be sure that this crime has link with the government officials once if we sucessed to bring these two selfish, cruel criminals to justice then the whole reality will come out.
So Let’s start working on it, just by identifying exactly where are they … which state which city what street they shouldn’t have to get sleep with this blood!!!
Sincerely,
Ali
Toronto
I think TPLF is trying to coverup the case: According to reliable sources, those who involved in the scam are Tigrawi orgins who are protected by the current political system.
Folks!
The majority over 95% of gold smiths all over Ethiopia and the capital city Addis Ababa were/are Tigrians smuggling black market gold from all over Ethiopia for and back, processing and selling them at extremelyy high profits and with that money funding the Wayanes come to power. But now they are funding the Wayanes to stay in power. That was their business segment and specialities even under Haile Sellassi, Mengist Haile Mariam and of course the current TPLF.
Even to begin with the business sector might have been secretely owned funded and propering both during the regimes of Haile Selassies and that of the parrot Mengistu Halilemariam too.
It is only the TPLF who possesses a long standing traditions, experience and specialities of robbing the Ethiopian gold resources for its unilateral exclusive profits.
No question about it. TPLF robbed NBE in daylight.
What is Next…… The Gold in churchs and Woyanne will not bliame… Aba Di……….:-)
This might be true. But it does not save the incompetency of NBE and other TPLF leaders, who were involved in the transactions. It’s a total failure to repeatedly sign and accept fake-gold that worth millions of dollars from someone with fake name and fake business organization. It’s shame, indeed. There is always a chance to check it out. The fake-gold cheating scheme is a product of network of undrtakings, not just that of two individuals.
It is obvious that woyanes have been stealing the entire country in daylight for the last 17 years. Meles and his servants under TPLF mafia organization are wicked people that have killed ten thousands of Ethiopians who stood for truth, unity and national sovereignty, and robbed greedily everything they found in the country. Yet they accuse and jail other innocent people for the crime perpetrated by their own mafia robbery and killer squads.
What resource of the country can be spared from woyane’s organized theft if the national bank is robbed its gold reserves. They can’t fool any more Ethiopians and international organization through their kangaroo court appointed to do injustice in the name of justice
How much more can Meles make fool of the Ethiopian people? Isn’t Ethiopia controlled and owned by the few family members and their cronies? you don’t have to be a genuise to figure this out! Military- – under weyane; businesses- – under weyane; manufactures- – under weyane; gold mines- – under Al moudi; I can go on and on that Ethiopia is now owned by a few mafiesto and I just hope god save this beautiful country and people from these thugs! It’s realy scary as to what the damages these people had caused to this great country!