Tanzanian investor evades tax, goes into hiding
Miners at work. Tanzania government is threatening to revoke the licence of Aureus Company Ltd, a mining firm, over tax evasion. Photo/FILE Nation Media Group.
The Tanzania government is threatening to revoke the licence of a mining firm over tax evasion. Aureus Company Ltd, which operates two gold smelting plants on the outskirts of Mwanza city in western Tanzania, is accused of evading payment of Tsh12.472 billion (nearly $8 million) in taxes. Deputy Minister for Energy and Minerals Stephen Masele told The EastAfrican that Tanzanian security agencies and Interpol are searching for its owner, Mark Rene Roelandts, in Belgium and Spain, as he is believed to be hiding in one of the two countries. ….Read more>>>>