Acacia Mining Senior Manager Arrested and Charged in Tanzania
October 23 2018 - 10:19AM
Dow Jones News
By Oliver Griffin
Acacia Mining PLC (ACA.LN) said Tuesday that a senior manager of
its business in Tanzania has been arrested and charged today by the
east-African country's Prevention and Combating of Corruption
Bureau.
The mining company said it believes the senior manager, who has
pleaded not guilty to all charges, has been charged in connection
with some of the 39 criminal charges brought by the PCCB on
Wednesday against a current and former employee of Acacia
group.
Acacia Mining said the unnamed manager has been charged with
various counts of tax evasion, forgery and money laundering, but
added that it hasn't seen a copy of the charge sheet.
The company said it noted with concern that offences under
Tanzania's anti-money laundering legislation aren't allowed bail
and, accordingly, the senior manager hasn't been released.
Acacia Mining said it is "deeply concerned about the increasing
risks to the safety and security" of its employees. It believes
these recent actions represent a significant escalation of
government pressure while a 19-month dispute between Acacia Mining
and the country's government remains unresolved.
As before, parent company Barrick Gold Corp. (ABX.T) has yet to
provide a proposal for a comprehensive resolution regarding the
disputes, the company said.
Acacia Mining continues to reach out to Tanzania's government to
try and resolve the dispute and has also informed Barrick of the
latest charges, the company said.
Write to Oliver Griffin at oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
October 23, 2018 10:04 ET (14:04 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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