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.
Introducing the Pindula News Mobil App
Download from Google Play Store
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
Misheck Sibanda is the Chief Secretary to the President and Cabinet. Read More About Misheck Sibanda
A military coup code-named Operation Restore Legacy was executed in Zimbabwe in November 2017 and it resulted in the forced resignation of President Robert Mugabe. Mugabe had been the leader of Zimbabwe for thirty-seven years. The coup was led by the military general, Constantino Chiwenga... Read More About Operation Restore Legacy
Emmerson Dambudzo Mnangagwa a politician and the First Secretary of the Zimbabwe African National Union-Patriotic Front. On the 3rd of August 2018 ZEC Chairperson Priscilla Chigumba announced that Mnangagwa had won the popular vote by 50.8% ,hence he was duly elected to be the president... Read More About Emmerson Mnangagwa