UPDATED– The Revenue Ministry of Ethiopia today announces arresting 105 traders suspected of tax fraud amounting 14 billion birr (about $496.5 million). Out of the 105 suspected of tax fraud, 64 are following their case in the court, according to Minister Adanech. The Minister indicated that a total of 135 companies have been identified for tax fraud and embezzlement of public wealth. She stated that the audit of her ministry proved that 57 companies were engaged in tax fraud. The investigation shows that 70% of the 135 tax fraud suspects are wholesale and importers.

Source: News Business Ethiopia February 27, 2019 17:11 UTC