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Parliamentary Report On Diamonds Has Major Gaps, Nothing About Zanu-PF's Diamond Stake: Global Witness

5 years agoWed, 27 Jun 2018 12:36:53 GMT
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Parliamentary Report On Diamonds Has Major Gaps, Nothing About Zanu-PF's  Diamond Stake: Global Witness

Campaign group Global Witness has said that the report by the Parliamentary Portfolio Committee on Mines and Energy into the looting of diamonds appears to have serious gaps. In a statement, Global Witness Said

The use of secretive shell companies to conceal off-budget financing to Zimbabwe’s security forces has been a consistent feature of Zimbabwe’s diamond sector. But there has been no previous public indication that the ruling party may also have secured a hidden stake in the industry.

The possibility that a Zanu PF government awarded a diamond-mining licence to a company in which it held a major stake presents a potentially serious conflict of interest. It also potentially limits oversight and transparency in a key part of Zimbabwe’s democratic system by securing the ruling party a hidden source of finance.

The committee was chaired by the independent legislator for Norton, Temba Mliswa.

More: Daily News

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