Zenawi Amassing Millions in Foreign Banks
August 8, 2000)
Prime Minister Meles Zenawi – like his predecessors Emperor Haile
Sellasie and Marxist dictator Colonel Mengistu Haile Mariam – is
amassing millions in foreign banks,” Voice of Oromo Liberation (VOL)
reported in its August 6, 2000 broadcast in Afaan Oromo.
to VOL, the prime minister is stashing away cash in foreign banks
under the names of his wife and Dr. Kasu Ilala, his deputy prime
minister for economic affairs. He has also recently purchased a
printing business (Articraft Printing Inc.) in Kampala, Uganda,
and a house in London, England under the name of his economic advisor
Mr. Neway Gebre’ab.
Mr. Araya Zerihun, another member of the political bureau of the
TPLF, the prime minister’s governing party, has purchased a house
for 1 million dollars in an upper class residential area in the
state of Maryland, USA but it is unclear whether the property is
owned by the prime minister or Mr. Zerihun made the purchase on
is to be remembered that Emperor Haile Sellassie accumulated 11
billion dollars in a Swiss bank before he was deposed and eventually
executed by the military junta that unseated him. Mengistu Haile
Mariam, head of the military junta that ruled Ethiopia from 1974
to 1991, is believed to have accumulated enough wealth in Harare
to guarantee him a comfortable life style after he escaped to Zimbabwe.
Former Deputy Prime Minister Tamrat Layne of the current regime
in Ethiopia had stashed away about 8 million dollars in a Swiss
bank, under the name of his “woman friend” Shadia Kassim, before
he was sacked. He was later put on trial and convicted of “abuse
of power and corruption” and is currently serving jail term in Addis
Ababa, the Ethiopian capital.