Ayele Debele Dies, Burial Scheduled for Today Ayele Debela, a businessman who has been serving a 22-year sentence, having been convicted of a series of crimes relating to the national economy, has passed away, on Sunday, July 7, 2013. His burial is scheduled to take place today - July 9, at the Holy Trinity Cathedral, at 3pm. Ayele was one of the 10 businessmen involved in a June 2009 crackdown by the Ethiopian Revenues & Customs Authority (ERCA), in relation to money laundering, illegal banking and tax evasion. Judges at the Federal High Court, 11th Criminal Bench, found him guilty, in May 2010, on charges of 10 counts. The following month, he was handed out an extensive jail term. Not only was he sentenced to serve 22 years in jail, but judges also ruled for his property, including shares with Nib International Bank, to be confiscated, and further subjected him to a 130 million Br fine. Appeals were filed to the Supreme Court, both by the ERCA’s prosecutors, who demanded that the fine should be as high as 450 million Br, and the defendant’s lawyer - for the case to be dropped altogether. Ayele is survived by his daughter, Hirut.
Posted on: Tue, 09 Jul 2013 11:12:55 +0000
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