Experts Comment On Mnangagwa's List Of Looters

Speaking to The Herald yesterday, prominent lawyer Jonathan Samukange, said many companies on the list released by President Emmerson Mnangagwa may actually have not externalised money but could have filled in the CD1 forms, but failed to acquit them.

Said Samukange:

This alone does not mean they externalised the money. There are so many reasons for that. But for those that externalised the money, there are so many legal instruments, among them the Exchange Control Act, to deal with them. The Government can also take them to court depending on the answers they give. Some of these companies when they filled the CD1 forms they genuinely wanted to sell their goods and bring the money back home and after 90 days they did not. This means Government should investigate what happened.

Also Read:

• Download (PDF): Looters List Released By President Emmerson Mnangagwa

• List Of Churches “Named, Shamed” On Looters List By President Mnangagwa

• Mnangagwa’s “Mickey Mouse List” Is Defamatory, Inexcusable Says Tendai Biti

Confederation of Zimbabwe Industries (CZI) president Sifelani Jabangwe told The Herald that some of the companies on Mnangagwa’s list had real issues which require assistance. Said Jabangwe:

What we understand is if one sends money outside and does not want to return it that is externalisation. We have discovered cases of delays in acquittal. By lumping everyone in one basket we have camouflaged the real culprits. Some of the firms on the list had real issues. They exported and their buyers failed to pay and the majority of them are actually seeking assistance. We should separate outstanding issues of trade and what we call externalisation.

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