FROM THE UK’S FIRST DPA TO A PLEA BARGAIN IN TANZANIA

On 9 September, the Basel Institute on Governance reported that the DPA in London has directly led to the Tanzanian authorities recovering approximately $650,000 in a plea bargain.  The investigation in Tanzania, led by the Prevention and Combating of Corruption Bureau (PCCB), related to a $6 million payment made in March 2013 by a former sister company of Standard Bank (Stanbic Bank Tanzania) to a local partner (Enterprise Growth Market Advisors – EGMA). 

https://baselgovernance.org/news/uks-first-deferred-prosecution-agreement-plea-bargain-tanzania

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017