Burundi’s sacked central bank chief arrested over money laundering accusations

Burundi’s sacked central financial institution governor has been arrested on suspicion of cash laundering and misappropriation of public property.

The costs towards Dieudonné Murengerantwari are “provisional” pending the result of investigations, the justice ministry mentioned.

Mr Murengerantwari has not but responded to the allegations.

On Sunday, Burundi’s President Évariste Ndayishimiye fired him, simply over a yr after he took up the put up.

Burundi’s economic system is in deep disaster with a scarcity of overseas forex that has made it troublesome to import items.

It additionally faces a scarcity of gasoline, and rising costs.

About 65% of the inhabitants of 12 million reside in poverty, in keeping with the World Financial institution.

In an announcement, the justice ministry accused Mr Murengerantwari of “undermining the right functioning of the nationwide economic system, passive corruption, cash laundering and misappropriation of public property”.

It didn’t give additional particulars, however Lawyer Common Leonard Manirakiza mentioned the ex-governor would stay in custody whereas investigations continued.

Mr Murengerantwari was appointed to the put up – which is important to attaining financial stability – for 5 years, however was dismissed in his second yr in workplace.

He was beforehand the managing director of Burundi’s state-linked growth financial institution.

He has been changed by a member of the financial institution’s board, Édouard Normand Bigendako.

Mr Murengerantwari is the second central financial institution chief in Africa to run into authorized hassle this yr.

Nigeria’s central financial institution governor Godwin Emefiele was suspended in June, and later charged with illegally proudly owning a shotgun and cartridges. He denied the fees.

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