President Emmerson Mnangagwa has called on people who illegally externalised money to return the money within three months. Mnangagwa has said that there will be a three month period in which people can return the funds without any fear of prosecution. However, after the three month period elapses, the authorities will start making arrests. Mnangagwa said this in a statement which was released earlier on today:
GRANTING OF A THREE-MONTH AMNESTY FOR THE RETURN OF ILLEGALLY EXTERNALISED FUNDS AND ASSETS
Activities linked to Operation Restore Legacy have, among other issues, helped to uncover cases where huge turns of money and other assets were illegally externalised by certain individuals and corporates. Needless to say, such malpractices constitute a very serious economic crime against the People of Zimbabwe which the Government of Zimbabwe will never condone.
As a first step towards the recovery of the illegally externalised funds and assets, the Government of Zimbabwe is gazetting a three-month moratorium within which those involved in the malpractice can bring back the funds and assets, with no questions being asked or charges preferred against them. The period of this amnesty stretches from 1 December 2017, to the end of February 2018. Affected persons who wish to comply with this directive should liaise with the Reserve Bank of Zimbabwe for necessary facilitation and accounting.
Upon the expiry of the three-month window, Government will proceed to effect arrest of all those who would not have complied with this directive, and will ensure that they arc prosecuted in terms of the country, laws. Those affected are thus encouraged to take advantage of the three-month moratorium to return the illegally externalised funds and assets in order to avoid the pain and ignominy of being visited by the long arm of the law.
Emmerson Mnangagwa
President of Zimbabwe
28 November 2017
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Great move Mr President lets start off with those that were and are still holding high offices especially in the Government
This is a good move Mr President and all the leaders should set the precedent
Thank you Sir Emmerson Sir this is a gold move. All the gold blocks have to be restored so the new currency that we hope you will introduce will have a backing
Mr president how about going to get our 15 billion boss?? IYI its more than the 3 months worth of cash! Tipeiwo mhinduro on the actual cash that can fix the economy
And ZANU PF through its ownership or part ownership on many,many companies.
this must include the ministers yourself and mugabe and mrs grace mugabe charity begins at home even the diamonds money must be recovered uyou have to create a banking system that will make people want to keep their money in zim banks
I quite agree start with the Mugabe family
I like this! Please continue with your plans to go after those who fail to comply. “ALL” must return our money!
This kind of decree is just more mugarbage.. It clearly underscores the fact that Munangawa does not have a good understanding of the political and economic reality for Zimbabwe. Repatriation if funds and FDI fall into the same category. One has to first create a stable environment for safe repatriation. This is includes bringing back rule of law and an independent judiciary, dispensing with racist indigenisation laws, respecting and protecting property rights and compensation at market rates for expropriated property, restoration of birthright citizenship regardless of ancestry for displaced Zimbabweans and their decendants. It also means divorcing the military and the state and a commitment to hold free and fair elections. Once all if this us in place Mnangagwa can talk about repatriation of funds. If he cant steward tgis kind if change he is worthless as a politician and will continue to be regarded as a joke just like his predecessor. He does need good business sense …he just needs good sense.
naysayers
Dear Mr Kundi – in many cases what you say has validity but in this situation where 99.999% of the GNP of Zimbabwe was pillaged by a few elites this President has no choice but to start with this. It also gives him a legal and moral pathway to go after those that do not abide by his decree. If he is truly sincere about doing this and going after all those that break this rule then I will hold this man in high esteem and say that Zimbabwe finally has found a shrewd and wise leader. If not I will hold my head in dismay and pray for all Zimbabweans.
Gud move Mr President but yu also have to do the same coz Mai Grace , Mugabe and yu also externalised these funds , yu still remember the diamond deals ? Did they belong to yu or the country ?