Dr Misheck Sibanda, the Chief Secretary in the Office of the President and the Cabinet (OPC) has said that the individuals and companies who illegally externalised money outside the country are known. Sibanda warned that if these companies and individuals did not take advantage of the three-month amnesty declared by President Emmerson Mnangagwa to do the right thing and return their loot, they will be prosecuted.
Last year the Reserve Bank of Zimbabwe (RBZ) said that in 2015 alone, as much as $1.8 billion had been illegally smuggled to offshore havens.
Addressing journalists, Sibanda said:
After February, legal action will be taken and arrests will be made. The looters are known.
According to sources with knowledge of the matter, who spoke to the Weekly newspaper, The Financial Gazette, those who face arrest include high profile individuals some of whom have political links some even have close ties to President Emmerson Mnangagwa.
Announcing the Amnesty earlier this week, Mnangagwa said:
Activities linked to Operation Restore Legacy have, among other issues, helped uncover cases where huge sums of money and other assets were illegally externalised by certain individuals and corporates.
More: Financial Gazette