The Federal Police of Ethiopia has announced that it has filed charges against the founder and owners of the fintech investment company.

The Federal Police of Ethiopia has announced that they have filed charges against the founders and owners of the fintech investment company. The suspects Daniel Yohannes Jesus and Girmai Gebremichael Thisdego, the founders and owners of FinTech Investment Private Company, have been charged with defrauding more than 1,200 citizens and causing 1.7 billion Birr losses by using famous and influential people. According to the statement sent by the Ethiopian Federal Police to AMN, the suspects were investigated for 19 different crimes and sent to the prosecutor to charge them. Although the case was initially presented to the Addis Ababa Police General Department, the investigation is complex and cross-border, requiring extensive experience, and should be handled in an organized manner. He pointed out that the suspect Daniel Yohannes has been charged and sent to the prison to monitor the case and the suspect Girmai Gebremichael is being monitored to arrest him. The Ethiopian Federal Police recalled that a person named Girmai Gebremichael had previously defrauded citizens of the country during the 2010 World Cup in South Africa under the name of Askalukan, claiming that they would go to South Africa to watch the World Cup. However, he explained that the criminal record indicates that the Ethiopian Federal Police, in cooperation with Interpol, returned him to Ethiopia from the country where he was hiding and held him accountable by law. According to the Ethiopian Federal Police, the two suspects charged the victims 50% advance payment of 950,000 birr and claimed that they would make them the owner of the car within 90 days and the remaining 950,000 birr would arrange a bank loan that would expire in 5 years without interest. In order to convince the public, the suspects imported 148 cars from Djibouti, distributed 100 cars to certain individuals, and selected the remaining 48 modern cars and sold them secretly. In addition, the police were able to confirm that 400 cars were parked at the port of Djibouti without any cars and they gave false information to the victims by pretending that they were in the process of importing them into the country. The police pointed out that they have been committing fraud by collecting cars from different places at the Cross Square and pretending that they are imported cars and that they have a contract with a Chinese company called BYD, which is an electric car manufacturer, without any contract. The suspects established a company in Djibouti called Alfatizo and talked to another company that works with a Chinese company called BYD. They paid a 10% advance payment and imported the first 148 cars and paid another 188 cars with the same 10% advance payment to the company. It was discovered by the Ethiopian Federal Police that they paid 10% to the Chinese company in Djibouti and did not pay the remaining 90%. They registered more than 1 thousand 200 victims by fraud and paid 95 thousand birr in advance; The police confirmed that they received 1 million 365 thousand birr each as a government tax of 285 thousand birr and 130 thousand birr for making an electric car charger and as an expert. The Ethiopian Federal Police has arrested Solomon Bogale, Serawit Fikre, Daniel Tegne, Abraham Gezaw, Girrem Dejene, Mansur Jamal and Khalid Nasir, who are suspected of sharing money collected illegally by promoting a fintech investment company in an inappropriate and exaggerated manner. 2018 has been approved. The Ethiopian Federal Police has arrested the founders and owners of a fintech investment company suspected of 19 criminal cases, including money laundering and cross-border crimes. Also, by making use of their recognition and approval, by telling exaggerated advertisements and by spreading false information to the public on various social media, by making them cheat the citizens, by accepting a B.Y.D Song Plus car gift worth eight million birr each at the current market price from the illegally obtained money; He announced that he will continue the investigation against artists and advertising professionals who are suspected of making illegal money look legal and causing more than 1.7 billion birr damage to citizens. The Ethiopian Federal Police thanked the Ministry of Justice and the public for providing information on the case so that this complex criminal case could be successfully investigated and prosecuted.