Central Bank Chief Accused of Money Laundering, Arrested - 354 Views
According to BBC Reports, Harare — The former governor of Burundi’s central bank was arrested on charges of embezzlement of public funds.
Dieudonné Murengerantwari The former governor of Burundi’s central bank, was charged by the justice ministry with “undermining the proper functioning of the national economy, passive corruption, money laundering, and misappropriation of public assets” according to the ministry. Attorney General Leonard Manirakiza said that the former governor would stay in detention while investigations proceeded, but he did not provide any other information.
The arrest comes immediately after Murengerantwari was fired on Sunday, October 8, 2023 by the sitting President Évariste Ndayishimiye, less than a year after he assumed the position in the country Burundi.
The charges are “provisional” until the conclusion of the investigations, the justice ministry reportedly said as he pen down.
The former governor of Burundi’s central bank being Murengerantwari is yet to respond to the allegations.
Due to a severe lack of foreign exchange, Burundi’s economy is in severe distress and equally not stable, making it tough to import products. Burundi is also dealing with a fuel shortage and increase of prices. An estimate of 65% of the population of 12 million live in poverty, according to the World Bank. Murengerantwari had previously served as managing director of the development bank connected to the state of Burundi.
Édouard Normand Bigendako, a board member of the bank, has taken over from him.
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