ZIMBABWE FACES BACKLASH OVER PROLONGED RECOVERY OF GRAFT MONEY FROM FOREIGN FINANCIAL HAVENS

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Zimbabwean government is facing a backlash following prolonged recovery of KShs. 843 billion from Kenya and other countries, quantified as graft money stashed abroad.

A report released on August 28, by Zimeye, an integrated network of journalists revealed that so far only KShs.241 million (USD2 million) had been recovered since the anti-graft war began.

“The use of mutual legal assistance tends to take time thereby extending the time frame for investigations. Interpol has been helpful,” said The Zimbabwe Anti-Corruption Commission (ZACC) spokesperson John Makamure. The ZACC is the Kenyan equivalent of Ethics and Anti-Corruption Commission (EACC), and has been conducting investigations on the graft case on behalf of the government of Zimbabwe.

Zimbabwean President Emmerson Mnangagwa launched the fight against graft two years ago, promising to go after high-net-worth government officials who were stashing corruption money in varied tax havens.

President Mnangagwa targeted South Africa, United Kingdom, Malaysia, United Arab Emirates, Mauritius and Kenya among other countries, in the pursuit for money and property hidden by corruption perpetrators from the country.

The ZACC has so far gotten hold of US 1.5 Million, being pursued from UAE, UK and South Africa, with the spokesperson adding that it was difficult to traced assets and cash abroad because they were not registered in the names of the suspects.

Zimbabwe’s economy is among the fastest growing in Africa, according to data by the World Bank, however, the economy has been depressed for an estimated five years with cartels in government stifling resources for personal gain. It therefore meant so much to the public, for the government to speed up the fight against graft, with focus on the high-net-worth individuals.

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