Ethiopia Arrests Dozens in Graft Probe at Key Conglomerate

  • Premier has set about reducing military’s role in economy

  • Police detain 63 people, including 27 suspected of graft

By Nizar Manek, 13 November 2018
(Bloomberg) --
Ethiopian police arrested dozens of people in an investigation into suspected corruption at Metal & Engineering Corp., a key industrial conglomerate linked to the country’s military.
Ethiopian Prime Minister Abiy Ahmed is enacting a pledge he made after coming to power in April to reduce the security forces’ role in the state-planned economy, part of sweeping reforms he’s initiated. Three months ago, the government ended MeTEC’s involvement in a $4.6 billion hydropower project.
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