Ethiopia blocks the bank accounts of 34 TPLF companies – New Business Ethiopia



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The Ethiopia Federal Attorney General’s Office today blocked 34 bank accounts of companies owned by the Tigray People’s Liberation Front (TPLF).

When mentioning the criminal codes, the Office indicated that the companies are involved in illegal activities that include the financing of criminal activities such as selective ethnic attacks and corruption, among others. TPLF companies whose bank accounts are banned include Sur Construction, Gunna Trading, Mesfin Industrial, Selam Bus, Mega Printing, EFFORT, Effort Electrical, Effort Design and Construction, Ezana Mining, MesobeA Building materials, Velocity, Saba Stone and Sheba Tannery.

APF Express Transit Service, Meganet Corporation, Desalegn Cathrina, Sheba Tannery, Almeda Garment, Dedebit Microfinance, Addis Pharmaceuticals, Star Pharmaceutical, Tigray Development, Saba Marble, Adwa Floppy, Tiemit Biruh Tesfa Plastic, Desalegn Anbessa importer of pharmaceutical products, Machew Particle Board .

In Ethiopia, the four members of the former ruling coalition, the Ethiopian Peoples’ Revolutionary Democratic Front (EPRDF), which has recently joined as the Prosperity Party, own companies such as Tiret Corporate of the Amhara party. , Dinsho, Wondo and EFFORT. Meanwhile, after the TPLF recently decided not to be part of the united party (Prosperity), EFFORT was outside the supervision of the ruling party.

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