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Ermias Amelga Arrested Despite Return After Ethiopian’s Regime Promise

Ermias T. Amelga, entrepreneur of several Ethiopian businesses and founder of Access Real Estate (ARE) S.C has been arrested by Ethiopian government although he returned back to Ethiopia on February 19, 2015 after months of negotiation from America that he won’t be arrested.
State TV, EBC tonight reported that Ermias was arrested and investigation is now underway regarding his bankrupt Real Estate and undelivered houses.
Local press reported last year that Ermias was promised by from the government through the Ministry of Justice (MoJ), “to suspend a total of 81 criminal charges lodged against him and his firm for one year, he also earned a one-year legal guarantee and protection until he agreed to settle shareholders’ woes and homebuyers’ losses within the period he was granted.”
Ermias-Amelga
Auditors in 2012 found that ARE was unable to deliver over 2000 houses the company sold to home buyers. In 2013 Ermias left for the U.S.A. via another African country. It was after months of negotiation that Ermias returned to Ethiopia, when the government gave him exceptional immunity for one year and he proposed to deliver the houses.
However, ahead of the year, Ermias has been detained at the beginning of this week.
Ermias was briefly arrested in 2013 for an alleged cheque issuing crime.
Ermias studeid his undergraduate and postgraduate studied in the U.S., where he also worked in the U.S. finance industry for several years. Returning to Ethiopia in 1996 to start his own companies, Ermias has been famouly known for creating, funding and developing some innovative companies and ideas such as the first bottled water in Ethiopia Highland Water, Access Capital, profitable Access Bank, and Jano Music Band.
His first company was the Royal Crown Mineral Water Factory, which was liquidated soon after launch in late 1990s.
 
Source:-De birhan

11 Comments

  1. Oh my gosh, you just lost your immunity! how could this guy trust this people and went back to be put in jail. they will never set him free this time. this is their true character they use you and your good Idea then chew you and spit you. How many educated Ethiopians goes home to start business and came back empty handed?? so many, you should have learned from them. you should have negotiate here in the land of the USA to solve your legal problem.these snakes should never to be trusted by any Ethiopians lesson learned. May God be with you brother!!!!

  2. Oh my gosh, you just lost your immunity! how could this guy trust this people and went back to be put in jail. they will never set him free this time. this is their true character they use you and your good Idea then chew you and spit you. How many educated Ethiopians goes home to start business and came back empty handed?? so many, you should have learned from them. you should have negotiate here in the land of the USA to solve your legal problem.these snakes should never to be trusted by any Ethiopians lesson learned. May God be with you brother!!!!

    • I am wondering why Sara is becoming crazy blind about this greedy bastard man!!! Do you know what this bastard grteedy Ermias did to more than 2,400 customers of the so called” Access Real Estate? He blundered brutally more than 1.4 billion Birr from the poor citizens of Ethiopia, and he failed to deliver a single unit of residence despite his lucrative promises. He deserves to be tortured bitterly

    • I am wondering why Sara is becoming crazy blind about this greedy bastard man!!! Do you know what this bastard grteedy Ermias did to more than 2,400 customers of the so called” Access Real Estate? He blundered brutally more than 1.4 billion Birr from the poor citizens of Ethiopia, and he failed to deliver a single unit of residence despite his lucrative promises. He deserves to be tortured bitterly!!!

  3. Not only him others to,put them on jail this garbage
    19th century type scamer from poor people. If he and his team the true investors or ……..all what they start working is not go down,from the time he went back all what he does scamming .put him on jail this garbage they can learn others from him.

  4. Not only him others to,put them on jail this garbage
    19th century type scamer from poor people. If he and his team the true investors or ……..all what they start working is not go down,from the time he went back all what he does scamming .put him on jail this garbage they can learn others from him.

  5. —– THY SHALL NOT STEAL —
    ANY MORALLY SOUND AND LEGIT ORGANIZATION THAT PROMISE THAT TO ENTICE CRIMINALS WILL NOT BE HONOURED WHEN IT COMES TO THEIVES. ONLY IN THE IMMORAL CIRCLE OF THEIVES ASSOCIATION THAT KEEP PROMISE TO ANOTHER THEIVE.
    When you deal with common theive such as Ermias you have to dungle the carrots to capture and bring them to face justice.

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