‘NSSA boss externalises $340 million’

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NATIONAL Social Security Authority (NSSA) acting general manager Hashmon Matemera appeared at the Harare Magistrates’ Court yesterday charged with externalising about $340 million during his tenure as BancABC managing director.

BY NQOBILE NKIWANE

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Matemera (52) was not asked to plead when he appeared before provincial magistrate Vakai Douglas Chikwekwe, who granted him

$10 000 bail and remanded the matter to June 15.

As part of his bail conditions, Matemera was ordered to surrender his passport, reside at his given address, report to the police once a week and provide acceptable surety worth $250 000 to the clerk of court.

Allegations against Matemera are that he facilitated the externalisation of $332 980 000 belonging to diamond miner Jinan to Botswana, Zambia, Sierra Leone, Mozambique, Dubai and China when he was still head of BancABC three years ago.

The State alleges sometime in November 2011, Jinan Mining (Pvt) Ltd was formed through a joint venture agreement between Marange Resources and a Chinese firm, Anhui Foreign Economic Construction Company (AFECC).

Jinan’s core business, the State alleges, was extraction of diamonds in Chiadzwa while Marange Resources’ contribution was to make available diamond mineral claims to the joint venture and AFECC’s task was to fund the mining operations.

The State alleges on January 9, 2012, Jinan opened a BancABC transitory account at the Mt Pleasant branch and the same account received $628 792 555,02 from AFECC as investment funds in Zimbabwe up to December 2013.

According to State papers, Matemera had facilitated the opening of the transitory account unprocedurally without demanding supporting documentation.

The State further alleges that sometime between April 11, 2013 and April 1, 2014, Matemera connived with Bai Xiangqian, Qingde Jiang and Bei Bei Ma, who are still at large, and transferred the money from the Mt Pleasant BancABC branch into a BancABC Botswana account.

The money was purported to be for investment in Botswana.

However, extra-territorial investigations by police established that the transferred money was never used in Botswana, but was spirited out to Zambia, Sierra Leone, Mozambique, Democratic Republic of Congo (DRC), Dubai and China.

In China, $290 519 600 was allegedly transferred into five different banks while in Mozambique a total of $2 500 000 was also allegedly deposited into two different accounts.

The same strategy was also allegedly used in the DRC where $11 259 714, 30 was deposited into different banks while $4 310 000 was also deposited in Zambia, $676 800 in Sierra Leone, $1 336 194,20 in Dubai and $8 227 272 was transferred into the Mt Pleasant transitory account which has since been closed.

The State also alleges a further $2,5 million was transferred into Jinan Mining’s BancABC account in Mutare with $1 million transferred into SOGECOA Zimbabwe (Pvt) Ltd’s BancABC account in Mt Pleasant.

The State also said, further investigations established that Jinan Mining (Pvt) Ltd was not registered in Botswana, neither did it have any operations in that country.

The Botswana bank account was allegedly opened using Zimbabwean company documents and transfers were administered from the BancABC Mt Pleasant branch by way of an e-banking facility.

Sebastian Mutizirwa is appearing for the State.

16 COMMENTS

  1. These are dividends of the look East Policy.A lot would be revealed as the trial takes shape.The country won’t be surprised at some stage that the whole thing implicates untouchable political individuals.This would be entirely determined by whether the trial takes shape or not.

  2. Both the headline and story are quite sensational. The story has nothing at all to do with NSSA or its funds. And truly speaking this banker is just a victim of circumstances. I’m certain in order to transfer funds, due processes should have been followed including the RBZ. Had I been the writer, I would have given the full process required so as to point out exact point from where the charge emanates.

  3. My buddy’s step-mother makes $84 an hour on thhe laptop . She has been fired for 8 months but last month her payment was $14461 just working on the laptop for a few hours. site link..B4.

    ——- w­w­w.R­e­v­i­e­w­8­0.c­o­m

  4. Mbavha chaidzo. How can a man in his position not have been aware of the law regarding the

    externalisation of funds? Obviously he got something in return. Now he has been made NSSA boss.

    What next can we expect from such a man

  5. He will obviously be relieved of his NSSA duties. But what’s “Externalization of funds”? This money was never said to have originated in Zimbabwe.

  6. Yes, misleading title. How come the Zimbabwean tool (let alone his NSSA position) is the lead for this story, and not Jinan and the three missing Chinese who instigated the transfer?

  7. Firstly the headline is misleading. The headline must have read – Jinan externalised 340m via local bank!

  8. This is no laughing matter.imagine if it whr in china,death by firing squad.The chinese government must be ashamed of their citizens.Rob poor black stupid africans of their money.we r crying here of 200m bond coins n this fellow of ours helps himself to 340m n share wth chinese thieves.Cry beloved Africa.Zimbabwe it was the British thru legal slavery n shipping resourses to their beloved queen now its Chinese.Why are we Back people easily petrified by poor chinese into giving away our childrens resourses?Is it our blackness that resembles our thinking ,do we have a soul in us.Poor chinese come here wth nothing n in 2days they are dining wth our leaders,black leaders n leave wealthy,after using the black man on the mines .Used him till his black back is shinning wth sweat,pay him nothing n leave.No hearts these chinese,artificial hearts.They use a stupid black African n make mney.

  9. We Africans are fools amongs the world s fools.the worst fools.To be this foolish,giving away resourses ,is criminal.Slavery was never for the other 2 races bt the blackman.To this day the most stupid chinese come to Africa to make mney.This their leaders in china are well aware of,thieving by their nationals,bt its ok to them.its stealing frm stupid black niggers.What wuld 340m have done to our farming?Criminals arive from China n start dining wth black leaders n leave rich.

  10. @Viola

    is that not the prime purpose of (your) ZANU (Pf)s look east policy ?. Why cry now that a non ZANU aligned person is making some money in the same corrupt way that your cronies do ??

  11. And this banker gets bail,500$.yu know in the bible ,Noah had 3 sons Ham who was black,Sham who wzs asian n maphet a white. This Ham was said to be asured that him n his offspring n desendence will forever work for his 2 brothers.His transgrasion was foolishness ,of wztching his naked drnk father.Is this our crime. Then how do criminals arive in Zim n make off wth almost half a billion?President said 15b,was stollen .im ashamed as a blackwoman,for my brothers,silly,stupid,careless ,reckles niggers.

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