7.6 – How to Bankrupt EFFORT (TPLF) Companies

This is Ethiopian Review Policy Research Center’s series on From Dictatorship to Democracy extracted from books published by Albert Einstein Institution.

Effective nonviolent UNITY of action has little to do with shouting slogans. It has everything to do with separating tyrants from their means of control.

Nonviolent Resistance and principled nonviolence are not the same. Principled nonviolence is “abstention from violence based on ethical or religious beliefs.” NVR is a political technique for overthrowing tyrants. “It’s not about making a point, it’s about taking power.”

HOW TO BANKRUPT EFFORT COMPANIES: THE ECONOMIC LIFEBLOOD OF MELES and AZEB

*****A commenter says: (On his last week’s comment)

EFFORT runs a large number of businesses that were established using loans from the Commercial Bank of Ethiopia (CBE).

These loans, which almost bankrupted the CBE, have never been paid back. EFFORT also did not pay any tax until now. After the TPLF-Eritrea war, the Ethiopian economy shrank (negative GDP growth) and the TPLF regime was forced to seek emergency funds from the IMF and World Bank. One of the conditions for these loans was reform of the CBE.

The TPLF agreed to this condition, but then used a variety of tactics to avoid doing anything. However, the TPLF was forced to allow an audit by an international firm (KPMG). The auditors report in 2003 revealed the huge non-performing loans to EFFORT. Non-performing means the TPLF wasn’t even paying the interest on the loans.
LOOK WHO’S SUCKING OUR BLOOD!

Meanwhile in 2001, Meles Zenawi pushed through a law that eliminates bail for suspects charged with corruption. As a result of this law, In 2001 CBE president Tilahun Abbay and 40 other bank staff were imprisoned and accused of making illegal loans to businessmen. They had to wait 7 years in jail for court verdicts.

Also private businessmen such as Eskinder Yoseph were jailed because they had non-performing loans and yet received additional loans.

In 2006 CBE president Gezahegn Yilma was found dead. The government claimed it was “suicide”.

The next CBE president Abie Sano was only 35 years old. His appointment violated the NBE Banking regulations as he lacked the required 10 years of senior management experience.

Abie Sano was replaced by a 31-year old. Again, his appointment violates the law as he lacks the required experience as specified by the NBE regulations.

ALL SENIOR MANAGEMENT OF EFFORT SHOULD BE PLACED IN JAIL IMMEDIATELY UNTIL THE LOANS TO THE EFFORT COMPANIES DETAILED IN THE KPMG AUDIT ARE INVESTIGATED. ALL THE MAFIA-TYPE MANIPULATIONS, INTIMIDATIONS, SUSPICIOUS DEATHS, etc… NEED TO BE INVESTIGATED.

THE MELES CORRUPTION LAW OF 2001 DOES NOT SPECIFY AN EXEMPTION FOR AZEB MESFIN. SHE NEEDS TO BE PUT IN JAIL IMMEDIATELY.”

*****Wikileaks : on TPLF’s EFFORT Companies

“…..7. (C) Seeye argued confidently that the business community’s perception that EFFORT’s and similar EPRDF parties endowments’ companies receive preferential access to limited credit and/or foreign exchange stocks, or treatment on government bids and contracts, customs clearance, and import/export license is certainly true. He went so far as to argue that these “party-statals” likely receive preferences even over the special treatment received by state-owned enterprises. Seeye argued that, much like Sebhat Nega’s removal from the TPLF Central Committee in 2006, his removal as CEO of EFFORT in late 2008 likely reflects tensions between Sebhat and Prime Minister Meles’ wife Azeb Mesfin. While former regional Vice President of Tigray Abadi Zemo has taken over the CEO position at EFFORT, Seeye argued that Azeb’s ascendance to the EFFORT Vice Chairmanship reflects an increasing consolidation of influence within the party and control over resources by Meles and Azeb.”

***METHODS OF ECONOMIC BOYCOTTS (Few examples for adaptation)

Actions by Consumers
Consumers’ boycott ; Non consumption of boycotted goods ; Rent withholding ; Refusal to rent.
Action by Workers and Producers
Workmen’s boycott ; Producers’ boycott
Action by Middlemen
Suppliers’ and handlers’ boycott
Action by Owners and Management
Traders’ boycott ; Refusal to let or sell property ; Refusal of industrial assistance
Action by Holders of Financial Resources
Withdrawal of bank deposits ; Refusal to pay fees, dues, and assessments; Refusal to pay debts or interest

For Division of Rsponsibilities to bankrupt EFFORT Companies: CLICK on the attached TWO slides : Boycotting & Sabotaging the Tyrant’s Economic Support