Tanzania claims threaten Acacia’s ‘very existence’ – CEO

June 14, 2017

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Acacia Mining’s “very existence” has been jeopardised by accusations of wrongdoing levelled against it by the Tanzanian government, chief executive Brad Gordon said in an internal memo seen by Reuters. In the memo, Gordon denied accusations of tax evasion and forging documents to avoid paying taxes. He also said the firm operated through locally registered subsidiaries, contrary to a government accusation it had been operating illegally.

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