RBZ Threatens To Arrest Money Launders To Save US Dollar
Published: 2016 May 08 07:52:30 (4495 Views)
The Reserve Bank of Zimbabwe is threatening arrest of large company owners who are suspected of money hoarding and externalizing millions of the hard sought United States dollar.
Those fingered in illicit financial flows will be handed over to the police.
Platinum giant Zimplats was the first to be fingered in the 'Panama' papers that recounted how the company’s top management were paid millions off shore and deprived the State of revenue.
The RBZ is now on Zimplats’ trail and has turned its forensic lenses on other companies that could soon be exposed this week.
It is understood monetary authorities have already compiled a list of suspects and will soon wrap up investigations and will give police the names of suspects who are shipping out millions of US dollars even as ordinary people struggle to withdraw US$200 daily from banks.
Reserve Bank Governor Dr John Mangudya reveled that at least US$50 million had been externalized via wire transfers since January 2016. Cash transported out of Zimbabwe physically is still to be quantified.
- Sunday Mail
Those fingered in illicit financial flows will be handed over to the police.
Platinum giant Zimplats was the first to be fingered in the 'Panama' papers that recounted how the company’s top management were paid millions off shore and deprived the State of revenue.
The RBZ is now on Zimplats’ trail and has turned its forensic lenses on other companies that could soon be exposed this week.
It is understood monetary authorities have already compiled a list of suspects and will soon wrap up investigations and will give police the names of suspects who are shipping out millions of US dollars even as ordinary people struggle to withdraw US$200 daily from banks.
Reserve Bank Governor Dr John Mangudya reveled that at least US$50 million had been externalized via wire transfers since January 2016. Cash transported out of Zimbabwe physically is still to be quantified.
- Sunday Mail
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