Tanzanian politician accuses Barrick of abandoning Acacia employees jailed as ‘ransom’ in tax spat [Toronto Globe and Mail (Ontario, Canada)]
Barrick Gold Corporation (BC) (GOLD)
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Source: Toronto Globe and Mail
Tanzanian politician accuses Barrick of abandoning Acacia employees jailed as ‘ransom’ in tax spat Barrick Gold Corp. is facing criticism from a prominent Tanzanian politician for not doing enough to free three employees of its Tanzanian operations who were jailed 20 months ago and allegedly used as pawns in a multiyear tax dispute between Barrick and the Tanzanian government. In 2017, Tanzania banned former Barrick subsidiary Acacia Mining PLC from exporting gold concentrate and demanded it pay US$200-billion in back taxes. In October, 2018, Acacia executives Deo Mwanyika, Alex Lugendo and Asa Mwaipopo were charged with money-laundering offences and imprisoned without chance of bail. At the time, Barrick owned 63.9 per cent of Acacia. Speaking to media earlier this week, Zitto Kabwe, leader of the Alliance for Change and Transparency, one of Tanzania’s leading opposition politicians, said the Acacia employees were held hostage as a bargaining chip, “to put pressure on Barrick to reac
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