The Tanzanian government has declared the seizure of precious stones worth an expected $29.5 million subsequent to denouncing British organization Petra Diamonds, of underestimating the value of the pearls.
Pastor of Finance Philip Mpango expressed on Sunday that he had “nationalized” these precious stones, separated from the Williamson Diamonds mine, 75% claimed by Petra Diamonds and 25% by the Tanzanian government.
The diamonds were seized on 31 August at the Dar es Salaam International Airport while being exported to Belgium.
Williamson Diamonds documents give these diamonds a value of $14.7 million (pre-market) while the actual value is $29.5 million.
As indicated by the Tanzanian experts, Williamson Diamonds’ reports demonstrated an expected freight of $14.7 million, while the genuine estimation of precious stones, intentionally underestimated, was $29.5 million.
“Williamson Diamonds reports give these precious stones an estimation of $14.7 million (pre-showcase) while the real esteem is $29.5 million,” the Finance Ministry said in a discharge Saturday.
On Thursday, two previous senior mining authorities, cited in parliamentary reports on asserted misappropriation connected to precious stone mining and exchanging, surrendered on the requests of President John Magufuli.
Previous Minister of Mines, George Simbachawene, who until the point that his renunciation was Minister of State for Local Government, and the previous leader of the National Mining Company (STAMICO), Edwin Ngonyani, Deputy Minister of Public Works and Transport until Thursday.
The two ministers resigned at the orders of President Magufuli, who had just received the findings of two parliamentary reports that put them in question.
President Magufuli demanded that all current government officials be blamed for this case and leave without waiting for them to be dismissed.
Nicknamed “Tingatinga” (bulldozer in Swahili), President Magufuli has marked the spirits since taking office at the end of 2015 by being inflexible in the fight against corruption.
He hired a tug of war with the large foreign mining companies operating in Tanzania, after a parliamentary report accused them of dumping their production, resulting in a tens of billions of dollars in taxes and royalties since 1998.
But Mr. Magufuli’s unconscious and abrupt style also earned him the title of autocrat and populist by his detractors, while freedom of expression is increasingly reduced in the country.