An article in Tanzania’s daily newspaper, THE CITIZEN today revealed some details regarding three individuals out of the seven named in a leaked offshore data.
It has learned that the accused used Tanzanian addresses to register companies and were agents acting and facilitating some local leaders and businesspeople in illicit financial deals. The three, who had set up a web of firms, were undercover offshore service providers being used as conduits of money laundering.
Mr Andre Schmid, Kenji Ibeto and Stuart MacDonald, who used Dar es Salaam addresses – if judged by their names – are either foreigners or Tanzanians by naturalisation.
According to details gathered by The Citizen, the three individuals were planners and executers of offshore finances acting on behalf of locals needing to transact illicit financial outflows or money laundering without being detected. ... Click here to continue reading this article
