By Staff Reporter| President Mnangagwa has announced saying names of those who did not heed his call to return externalised money will be published on March 19. He said this as he also said he is extending the ultimatum to return the funds by two weeks.
President Mnangagwa told the state media the two-week period will stretch to the 16th of March 2018, after which time the outstanding cases will be publicized on the 19th of March 2018.
In his announcement published by the state owned ZBC News, Mnangagwa said the extension follows a request by the Reserve Bank of Zimbabwe for additional time to validate and finalise the amnesty process before government proceeds to name and shame those who did not take heed of the amnesty and proceed to take legal action again such cases.
He added that the central bank request was as a result of a positive response to the amnesty.
Mnangagwa said out of 1166 cases of externalisation known by government (worth US$1.3 billion), a total of 105 cases valued at US$250 million were processed by the RBZ in respect of externalised foreign currency.
“Thirty cases valued at US$50 million of immovable properties in various countries were reported to RBZ whilst 210 cases valued at US$287 million pertained to externalised funds that were used to procure imports,” he said.
The president said the processed cases give a success rate of 45 percent by value.