Ermias Amelga in detention over Imperial hotel transaction

The infamous business person Ermyas T. Amelga was arrested by the Federal Police and appeared before the Federal High Court on Friday, January 11. The arrest was related to the procurement process of the Imperial Hotel which he sold on February 2, 2012.
The government military complex, Metals and Engineering Corporation (MetEC), bought the hotel with 75 million birr from Ermyas with two round payments, divided within several months. The hotel was bought by Access Real-estate two years before at a total cost of 47 million birr, from Afaw Tefera’s family.
The hotel which lies on 3,411sqm was among the suspected buildings that MetEC owned which were subject to corruption.