Zimbabwe’s new leader has publicly named more than 1,800 companies and individuals accused of illegally stashing hundreds of millions of dollars overseas and not bringing the money home under an amnesty deal. Zimbabwe’s new leader has publicly named more than 1,800 companies and individuals accused of illegally stashing hundreds of millions of dollars overseas and not bringing the money home under an amnesty deal. He now says 591 million of the 1.2 billion US dollars suspected to be illegally stashed overseas has been returned. His list shows China as the main destination for “funds externalised to foreign banks in cash or under spurious transactions”. Four Zimbabwean state-owned diamond mining firms are among those accused of moving the most money abroad in “illicit financial flows”.

Source: Irish Independent March 19, 2018 18:33 UTC