LONDON (Reuters) - A senior manager at Acacia Mining pleaded not guilty to charges of corruption and money laundering brought by Tanzanian authorities, the gold miner said on Tuesday.
This is the third Acacia Mining employee to be charged by the anti-corruption authorities along with the company's three Tanzanian units and a former staffer.
The senior manager, a Tanzanian national, was still in custody as the offence was not eligible for bail and pleaded not guilty to all charges, the company said in a statement.
The others charged have also not pleaded not guilty.
"The Company believes that these recent actions represent a significant escalation of governmental pressure," Acacia said, adding that this was due to a long-running dispute over tax.
The government has accused Acacia, Tanzania's largest gold miner, of tax evasion. Acacia has denied any wrongdoing.
(Reporting by Zandi Shabalala; Editing by Alexandra Hudson)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
