Mnangagwa Says He Has A List Of People Who Illegally Externalized Money

Speaking at the Zanu-PF Central Committee meeting on Thursday at the Zanu-PF Headquarters, President Emmerson Mnangagwa said that he has a list of people and corporates who have illegally externalised money outside Zimbabwe. The president urged the people to do the right and return the funds to the country. He warned that he was not bluffing and said that he did not make the externalisation threat lightly.  The president added that he would not hesitate to name and shame all culprits at the end of the moratorium. Said Mnangagwa

I did not say that without knowledge l have the names.

I have a list of who took money out and in March those who have not heeded my three months grace period of returning what they externalised, I will name and shame.

Three days after his inauguration in November, President Mnangagwa announced a three-month amnesty for all the companies and individuals who had externalised funds to return the money with no fear of prosecution. The directive reads:

GRANTING OF A THREE-MONTH AMNESTY FOR THE RETURN OF ILLEGALLY EXTERNALISED FUNDS AND ASSETS

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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 the arrest of all those who would not have complied with this directive, and will ensure that they are 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