Tag Archives: Asset seizures

Thumbs up for Sophia Bekele! Court Rules Against Central Bank Over Diaspora Shares Auction

30 Nov

Posted by The Ethiopia Observatory (TEO)
by Addis Fortune
 

Sophia Bekele (Credit: Addis Fortune)

An Ethiopian native with foreign nationality has won a milestone legal battle against the central bank, whose decision led her to lose shares she inherited from her late father but for an undervalued rate.

Sophia Bekele, a businesswoman with American citizenship, lost shares auctioned by the United Insurance Company (UNIC), a company where her father was a founding shareholder.
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