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Tanzania decisions
Decisions matching the current search
The High Court refused to extend time for a forfeiture application under the Proceeds of Crime Act, finding the applicant had not shown good cause for the long delay.
The contracts between the parties were void and illegal as their consideration and object were forbidden by law, specifically constituting a pyramid scheme and accepting deposits without a license. As such, the contracts are unenforceable and the plaintiff is not entitled to recover any money or damages.
Source excerpt
The High Court held that the investment agreements were illegal and unenforceable because they amounted to a pyramid scheme and unlicensed deposit-taking.
The Court of Appeal upheld forfeiture of properties, vehicles, and bank funds traced to a pyramid scheme, holding that notice to interested parties was sufficient.
The Court of Appeal upheld a corruption conviction, finding the appellant had offered TZS 30,000 as a bribe to secure his father’s release.
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