Zimbabwe president Emmerson Mnangagwa gives looters three months ultimatum to return stolen funds

The New Zimbabwe president, Emmerson Mnangagwa opened a three-month amnesty window for the return of public funds illegally stashed abroad by individuals and companies.

The President on Tuesday said in a statement that upon the expiration of the amnesty at end of February 2018, the government will arrest and prosecute those who would have failed to comply.

“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 amnesty period will run from December 1.

“Upon expiry of the three-month window, the government will proceed to effect arrest of all those who would not have complied with this directive and will ensure that they are prosecuted in terms of the country’s laws.

“The military operation which saw tanks rolling down the street and culminated in Mugabe’s resignation, helped unearth cases where huge sums of money and other assets were illegally externalised by certain individuals and corporate bodies.

However, Zimbabwe former finance minister Ignatius Chombo, was on Monday charged with three counts of corruption in offences that allegedly took place two decades ago. He was denied bail on Monday and will be detained in custody until his case is heard on December 8.

Chombo, who faces charges including trying to defraud the central bank, was detained after the military seized power in “Operation Restore Legacy”, which it said was meant to remove “criminals” around former president Robert Mugabe.

Two ousted ZANU-PF Youth League leaders, Kudzanai Chipanga and Innocent Hamandishe, who were both allied to G-40, were also ordered to be detained until Dec. 8.

 

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