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Acacia Mining employees fined Sh69m in tax evasion case

Three employees of Acacia Mining, a former Barrick Gold unit, have been released from jail in Tanzania after paying 1.5 billion Tanzanian shillings (Sh68.8 million) in compensation for tax evasion, a prosecutor told Reuters on Wednesday.

Deodatus Mwanyika, Alex Lugendo and Assa Mwaipopo had been imprisoned since October 2018 when Tanzanian authorities charged three of Acacia’s local subsidiaries with dozens of offences, including money laundering and tax evasion.

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