Ethiopia loot: Meles tops list of millionaire officials
By Our Staff Writer; June 23, 2005
ADDIS ABABA (June 23) - Prime Minister Meles Zenawi and 14 of his top officials have stashed away at least $238 million dollars out of which Meles, the mayor of Addis and a top confident of the premier have a combined deposit of $100 million in overseas banks, a radio reported on Wednesday.

Meles, Addis Ababa Mayor Arkebe Ekubai, and TPLF founder and Meles Zenawi's mentor Sebhat Nega were having their deposits in Bank of Malaysia and Deutsche Bank, Tensae Radio reported yesterday.

The radio said it has the evidence which verifies the loot of the Ethiopian treasury by the top-notch of the regime which is trying to contain public protests through killings, detentions and prolonging a state of emergency.

Reported in the loot of treasury of one of the world's poorest countries is also the president of the Addis Ababa University, Prof. Endreas Eshete as well as Education Minister Genet Zewde, all with close ties to the ruling party.

The radio said the officials had a history of stashing away the funds and depositing them under the names of their direct family members.

Meles and his ruling party owns a chain of multi-million-dollar business establishments registered as "endowment funds" and are exemptred from taxation.

Almost all of Meles Zenawi's officials were defeated in elections held in May but subsequent decreeing of a state of emergency and the brutal killings of unarmed demonstrators in Addis on June 8 has cast uncertainty about the future of the country , prompting observers to ask whether the looters would rely on violence to continue as government, or flee the country as most of the officials have their families settled in western capitals.

One of the poorest countries in the world, Ethiopia receives about $2 billion a year in humanitarian aid for survival.

Name of EPRDF official Stolen Fund Amount Name of Bank
Prime Minister Meles Zenawi $41 million Bank of malaysia
Amb. Berhane Gebre-Kirstos $19 million New York City Bank
Abadi Zemo $22 million Swiss Bank
Sebhat Nega $29 million Deutsche Bank
Tefera Walewa $9 million Bank of Canada
Shimelis Kindie $12 million Bank of Canada
Addisu Legesse $14 million New York City Bank
Prof. Endrias Eshete $7 million New York City Bank
Arkebe Ekubai $29 million Bank of Malaysia
Abai Tsehaye $19 million Bank of Malaysia
Genet Zewdie $6 million New York City Bank
Amb. Mohammed Duri $4 million New York City Bank
Dr Maru Yirdaw $11 million Deutsche Bank
Bereket Simon $10 million Deutsche Bank
Kuma Demeksa $6 million Bank of Canada


(Source: Tensae Ethiopian Radio - June 22, 2005)

For 14 years these blood suckers have forced milloins of Ethiopians out of business by forcing them to pay taxes that has ended up in the bank account of the woyane fascists. they have evicted many people from their homes and sold their possessions and property.
They have stolen aid money from international donors.
They have made Ethiopian a beggar nation known through out the world.
The international community should be made aware that the cause of death in Ethiopia is not lack of money or resources but corrupt and tyrant regime that has stolen millions of dollars of the country's wealth.

Bob Geldof does not have to raise money for Ethiopia. He should help Ethiopians to get their money bacc from the blood sucker fascist meles zenawi and his cadres.

Biratu,
Thank you for exposing these people to members of this forum!
No wonder the country is poor!
No wonder the people are frastrated with this government!
On the other hand no wonder why governments of these banks want Meles to stay in power!
Arat-kilo

Interesting let's get this dictators and their pockets.

Where is Bank of Canada located? I live here in Canada and I never heared of this bank before. Can anybody come up with the address of Bank of Canada, I would like to write a letter or demonstrate infront of its building.

http://www.bankofcanada.ca/en/

And Sheik Almoudi is serving them as a bank. I am expecting to hear from Negussie or what ever your nick name is.

Martha,
His nick name is Mamo Quilo!
Arat-kilo

Company Name Year Established (Ethiopian Calendar) Investment Capital Headquarter Chairman of the Board
Almedan Garment Factory 1995 660,000,000 Mekele Abadi Zemu
Addis Engineering Consultancy 1995 10,000,000 Addis Ababa Arkebe Ekubay
Addis Pharmaceuticals Production 1995 53,000,000 Addis Ababa Abadi Zemu
Africa Insurance Axion Assn 1995 30,000,000 Addis Ababa Yohannes Ekubay
Almeda Textile Factory 1995 180,000,000 Mekele Abadi Zemu
Mesobe Cement Factory 1995 240,000,000 Mekele Abadi Zemu
Mesfin Industrial Company 1995 500,000,000 Mekele Arkebe Ekubay
Sur Construction 1995 150,000,000 Addis Ababa Arkebe Ekubay
Trans Ethiopia 1995 100,000,000 Mekele Shimelis Kinde
Tesfa Livestock 1995 20,000,000 Mekele Yohannes Kidane
Star Pharmaceuticals 1995 25,000,000 Mekele Arkebe Ekubay
Selam Bisline 1995 10,000,000 Mekele TILMA
Sheba Tannery Factory Axion Assn 1995 40,000,000 Wukro Abadi Zemu
Segel Construction 1995 10,000,000 Mekele Araya Zerihun
Rahwa Yebegina Fiyel Export 1995 25,000,000 Mekele Yassin Abdurahman
Meskerem Investment 1995 40,000,000 Axum Tewodros Ayes Tesfaye
Mega Net Corp 1993 10,000,000 Mekele Alemseged Gebreamlak
Hiwot Agriculture Mechanization 1995 25,000,000 Mekele Yohannes Kidane
Hitech Park Axion Assn. 1996 10,000,000 Mekele Shimelis Kinde
Tana Trading House Axion Assn 1994 50,000,000 Addis Ababa Sibhat Nega
Global Auto Sparepart 1992 26,000,000 Addis Ababa Teklebirhan Habtu
Fana Democracy plc. 1995 6,000,000 Addis Ababa Negash Sahle
Ezana Mining Development 1995 55,000,000 Addis Ababa Tewodros Hafis Berhe
Express Transit 1995 10,000,000 Addis Ababa Gebreselassie Gidey
Experience Ethiopia Travel 1995 26,000,000 Mekele Tony Hiki
Ethio Rental Axion Assn. 1995 10,000,000 Mekele Atkilit Kiros
Dedebit Saving & Loan 1997 60,000,000 Mekele Atkilit Kiros
Dilate Brewery 1995 15,000,000 Mekele Kahsay TewoldeTedla
Dessalegn Caterinary 1995 15,000,000 Mekele Dr, Maru Erdaw
Berhe Chemical Axion Assn. 1995 25,000,000 Mekele Abadi Zemu
Addis Consultancy House 1995 10,000,000 Mekele Sibhat Nega
Birhane Building Construction 1995 10,000,000 Addis Ababa Bereket Mazengiya

The above companies are owned and run by party members of Tigrian People's
Liberation Front. These companies are established between the years 1992-1997EC.
In addition to the above list, Wegagen Bank is also owned by TPLF and its start up
investment is not known. However, in a report released by the regions investment
bureau, 347 projects with a capital of $3,322,735,980 Birr are underway and almost
completed.