Illicit Financial Flows in the Extractives Sector in Africa - Reflections on the Osoro Report in Tanzania http://www.maendeleogroup.net/index.php/blog/item/36-illicit-financial-flows-in-the-extractives-sector-in-africa-reflections-on-the-osoro-report-in-tanzania … @selemani
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Replying to @maendeleogroup @selemani
Great reflections
#Selemani.The worst is not scale of the looting but that its a tip of the Iceberg not only for TZ but for intire continent4 replies 0 retweets 2 likes -
Hard to believe though. Where is th money? If its in the co. why doesnt it show up in accounts. If its not why shreholders not up in arms?!
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Is the doubt on the authenticity of the chemical analysis or that the money is not in the company books?
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Both. It is hard to believe that the concentrate contains 8x the amount of gold than TMAA etc.. have monitored or than appears in the books
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Lets not miss the forest 4 the trees! Main point that report reveals is
#Acacia structure & operations appear 2 lend themselves to IFFs1 reply 0 retweets 0 likes -
Not really. Main point of the reports is claim that concentrate contains huge amounts more gold & other metals than Acacia, SGS, TMAA report
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Irrespective of whether everything is above board legally, structurally Acacia operations remain very suspect
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Structure of Barrick before it became Acacia. We can discuss the magnitude or exactitude of the analysis but this structure speaks volumes.pic.twitter.com/Dj5vJw46FI
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Most of that is not Acacia though. I think more useful is @openoil 's analysis http://openoil.net/wp/wp-content/uploads/2014/09/Acacia-Tax-Dispute-Briefing-160610_v0.2.pdf …
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