 In May 2009, Barare Limited was the subject of a money laundering investigation in the UK, after Lowassa's son, Frederick Edward Lowassa was suspected of money laundering.In 1995, Lowassa was among the more than 15 CCM aspirants for the presidency, but he was stopped in his tracks by retired president Julius Nyerere, who found him to have enriched himself too fast.Lowassa was eliminated by Nyerere's fiat and that contest within the party was eventually won by Benjamin Mkapa, who also won the election and became Tanzania's third president.