BurundiNews

Burundi: Former Central Bank Chief of Burundi Arrested on Money Laundering Charges

0
Burundi Former Central Bank Chief of Burundi Arrested on Money Laundering Charges
Share this article

The ex-governor of Burundi’s central bank, Dieudonné Murengerantwari, has been arrested and accused of embezzlement of public funds, according to reports by BBC.

Murengerantwari is facing multiple charges, including “undermining the proper functioning of the national economy, passive corruption, money laundering, and misappropriation of public assets,” as stated by the justice ministry. Attorney General Leonard Manirakiza announced that the former governor would remain in detention while investigations are ongoing, though further details were not provided.

This arrest follows Murengerantwari’s dismissal on October 8, less than a year after taking on the role, by President Évariste Ndayishimiye.

The justice ministry has referred to these charges as “provisional” until the investigations are concluded.

Murengerantwari is yet to formally respond to the allegations.

Burundi’s economy is facing significant challenges due to a severe shortage of foreign exchange, making it increasingly difficult to import essential goods. The nation is also grappling with fuel shortages and rising prices. The World Bank estimates that approximately 65% of Burundi’s 12 million population live in poverty. It’s worth noting that Murengerantwari had previously served as the managing director of the state-linked development bank in Burundi.

In his stead, Édouard Normand Bigendako, a board member of the bank, has assumed the role of governor.

Share this article

Africa: Microsoft Commits to Empowering 10 Million SMEs by 2025

Previous article

Kenya Plans $500 Million Eurobond Buyback with New Loans, Says Central Bank Governor in Exclusive Interview

Next article

You may also like

Comments

Comments are closed.