PRESIDENT Emmerson Mnangagwa is today expected to name and shame company executives, politicians and business people who allegedly externalised over $1,3 billion during former President Robert Mugabe’s era, and failed to return it before the expiry of the moratorium last Friday.
BY STAFF REPORTER
Last week, Reserve Bank of Zimbabwe governor John Mangudya disclosed that out of the $1,3 billion that was siphoned out, $250 million had been brought back. “About $187m is money that went out, but came in as imports, and $50m was used to purchase fixed properties outside the country. This means that as of the beginning of this (last) week, about $487m is accounted for from the $1,3bn that the government is targeting,” he said.
There is also speculation that ousted allies of Mugabe were among those who externalised funds from the country, with government officials blaming this for cash and foreign currency shortages in the country.