DAR ES SALAAM: Deci scheme case ruling date to be set in May

BY KARAMA KENYUNKO.

The Kisutu Resident Magistrate’s Court in Dar es Salaam will on May 10, this year set a date on which it will rule on the famous case of five Deci pastors who were allegedly involved in organising a pyramid scheme.

After both prosecution and defence had submitted their cases, the presiding Resident Magistrate Stuwart Sanga found the accused do have a case to answer. The prosecution provided 16 witnesses in the case that was held on July 17, last year.

The accused clergy are, Jackson Mtares, Dominic Kigendi, Samuel Mtares, Timotheo ole Loitingye and Arbogast Francis all pastors from different churches.

According to the charge sheet it was alleged that on different dates between 2007 and March 2009 at the Deci headquarters in Mabibo, Dar es Salaam, the five collected money from people whom they promised huge repeated returns in the form of interest on “seed money sown”.

The prosecution further alleged that, on the same date and place the accused accepted deposits from the public knowing well that it was illegal to do so because they had no license contrary to Section 911 8(2) of the Banking and Financial Institutions Act number 5 of 2006.

SOURCE: THE GUARDIAN (28/03/2013): http://www.ippmedia.com/frontend/index.php?l=52874