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[Dec 2017] Federal Ethics and Anti Corruption Commission (FEACC) Latest Ethiopian News | Ethiopian Business Directory & Portal - Addis Biz

Simachew Kebede Finally Gets out of Prison

Simachew Kebede, the major shareholder of DH Simex Plc that owns Intercontinental Addis Hotel, finally gets out of prison after settling the case with the Federal Prison Administration, which resisted his release mentioning the pending appeal against him. He was released on July 13, 2017, with prohibition after serving four years of a six-year sentence for tax evasion crimes for which he was convicted.

The Federal High Court found him guilty and sentenced him during the court session held on June 14, 2017. But lawyers started

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Supreme Court Exonerates Fikru Maru

Justices of the Supreme Court have ruled acquitting Fikru Maru (MD), a cardiovascular specialist and hospital owner, overruling an earlier conviction of corruption given by a lower court which sentenced him to four years and eight months.

An appeal lodged by Fikru pleading reversal of the ruling rendered by judges at the Federal High Court has culminated in exonerated him from charges after he has served four years of his jail term. On May 3, 2017, the Justices ruled the defendant was free from charges brought against him by

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Court freezes assets of Tidhar Excavation and Earth Moving Ltd

The 18th Criminal Bench of the Federal High Court at Lideta Division ruled on July 27 to freeze the asset of the Israeli construction company Tidhar Excavation and Earth Moving Ltd. pursuant of the charges that were filed by the Federal Ethics and Anti Corruption Commission (FEACC).

The company’s assets will remain frozen until the hearing is over.

Menashe Levy, manager and owner of Tidhar, who was arrested a week ago on allegations of corruption and tax evasion appeared before court this week.

He is said to

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