ETHIOPIA - National Bank bought Fake Gold
February 4th, 2008 | EthioPolitics.com |Bloomberg news - VIdeo
Five senior executives from the National Bank of Ethiopia (NBE) and three chemists from the Ethiopian Geological Survey were arrested last week for their alleged involvement in a gold fraud scandal.
The NBE, which exports gold, reportedly bought 300 kilograms of fake gold from a trader. The Ethiopian Geological Survey inspects any gold the NBE buys and offers quality assurance, but an official from the survey said the trader replaced real gold with the fake gold after he had received certification.
The investigation is ongoing, and the Ethiopian federal police said they will disclose more details when it is complete.
11 Responses to “ETHIOPIA - National Bank bought Fake Gold”
By dinka on Feb 4, 2008 | Reply
There is an Ethiopian say “Layban leba biserkeou men yedenkeou” Melles and the accomplices come from the same source I am sure with adequate investigation Alahmudeen is a big part of it.
By Kibrom on Feb 4, 2008 | Reply
I am sure they are playing by ower money im 100% sure effort or one of the woyane organization sold it then they are pretending
as if they bought it by mistake.every body knows it for them(woyanewoch) this is wisdom.rasachew shetwe erasachew tetalelin yilalu wanaw neger wode dirijitu birun mesebseb new.Egzare yiyilachu this plan is devil’s plan so you will not be successfull
plz Enasazinachu
By komchee on Feb 5, 2008 | Reply
Diros kewoyane min yitebekal!
By Kaleb on Feb 8, 2008 | Reply
The woyane minority regime ruling Ethiopia is formed by illiterate thugs who can’t differentiate bewteen a stone and a gold. They spent 96.5 million dollars on a fake gold. That is the joke of a century. What do you expect from 4th grade agames following behind their 6th grade leaders. 96.5 million dollars could feed the entire beggar nation for 90 years. The woyane regime has once again proved to the world it is formed by illiterate, ignorant and feeble people who can’t tell a stone from a gold let alone lead a nation of 80 million people.
Regime change in Ethiopia is badly needed. Regime change Now !
By Kebede Tolosea on Feb 13, 2008 | Reply
Hagerachen Mezeref Yjemerechw K’zarie 17 Amete befit jemiro New Minew ahen Denekachu
Shifta Mine lisera Tefeligalachu.Hagreitu Teshetalech Aydel?
By Girum From NY on Feb 22, 2008 | Reply
It is a shame!!! It show how our country is way behind in many ways.I can understand anyone who involves in politics wanna bennefit from it but it is sad that our government abuse its power and takes it to these extent. Shame on these people who are faild to at least to help their own brothers and sisters. But for Ya all homies don’t get discouraged the day of judgement is not too far. I believe God will show us the prosperity of Ethiopia.
By Hassan on Feb 24, 2008 | Reply
why the hell would a multi billionaire be a part of a very small fraud…….stop hating on him and get ur ass some money
By extrem rider on Apr 3, 2008 | Reply
I like your blog, this post is really good, but please vary your topics, it will broad your readership.
By mamaethiopia on Apr 8, 2008 | Reply
leave the sheik alone he will never be apart of this shamefull act.The ppl who did this are ilitrate gurages who have no bussiness ethics at all.The government should have known better in terms of protecting national resource. BLAME THE GOVERNMENT AND THE UNETICAL BUSSINESS PPL. I almost cried reading this article just thinking of the number of poor ppl who’s lives could have improved a lil bit if such things wherent going on. GOD IS GREAT N HE WILL SOON HAVE A GOOD NEWS FOR US.
By dude5499 on Apr 11, 2008 | Reply
Computers have already revolutionized the way we live and work. Have they changed the way we think? After reading all posts I think they have. People, why do you write what you hear somewhere, not your own thoughts?