Govt To Recover Billions Of Dollars Externalised To Six Countries
10 December 2017
Spread the love

Terrence Mawawa | The government of the Republic of Zimbabwe has stepped up efforts to recover billions of dollars illegally externalised during former President Robert Mugabe’s reign.

As investigations into the search for missing diamond funds intensify, Government has written to six countries where millions of dollars realised from diamond mining activities in Zimbabwe were allegedly externalised by Jinan Mining (Pvt) Limited, seeking mutual legal assistance in the investigation of the matter.

The multi-million dollar externalisation scam saw cash being transferred to various bank accounts in the United Arab Emirates, China, Zambia, Mozambique, Sierra Leone and Democratic Republic of Congo.

Preliminary investigations revealed that the money was first transferred from BancABC Zimbabwe account to another account with the same bank in Botswana.However, the money was never used in Botswana.

Instead, investigations made so far show that the money was later transferred to various bank accounts in the six countries.The National Prosecuting Authority, represented by national director of public prosecution, Mrs Florence Ziyambi, has sought mutual legal assistance from the six countries.

In the letters in question, Zimbabwe wants the authorities in the relevant countries to assist with investigations into the matter.

Zimbabwe is investigating Jinan and its directors, Bai Xiangqian, Bei Bei Ma and Qingde Jiang in connection with the externalisation scam.

4 Replies to “Govt To Recover Billions Of Dollars Externalised To Six Countries”

  1. So if mugabe was protecting crooks why let him off the hook and reward him 10 million exit package and even protect his wealth hidden abroad

  2. Gone are the days yekusatererera vanhu. Humbimbindoga pasi nhawo hunowuraya. Nyika. All people of Zimbabwe let’s use social media as our platform to address issues that affect us. The tendency is now gravitating towards an open Parliament in a postmodern social constructionist paradigm where each individual is a MP rep

  3. Keep it up RBZ. We need all our money back. We need all infrastructure fixed without delay. All households must have a share of proceeds from minerals. Zvaakunakidza manje. Gore rino Mwari vakatida. Vanhu taakutonga. Every little concern should be attended to by Authorities. Gone

Comments are closed.