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Bring the money back, Mnangagwa warns those who externalised funds

28/11/2017 00:00:00
by Staff Reporter
 
Acting on cash shortages ... Emmerson Mnangagwa
 
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PRESIDENT Emmerson Mnangagwa has given individuals and institutions that have externalised funds and assets to bring them back without question within three months after which they will face the full face of the law.

The development is part of measures aimed at addressing crippling liquidity challenges in the country

In a statement Tuesday, Mnangagwa said after the three months moratorium government will prefer criminal charges against those accused of rationalisation.

The amnesty stretches from the 1st of December 2017 to the end of February 2018.

“As a first step towards the recovery of the illegally externalised funds and assets, the government is gazetting a 3-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," Mnangagwa said.

The country’s new president said affected persons who wish to comply with the directive should liaise with the Reserve Bank of Zimbabwe for necessary facilitation and accounting.

“Upon the expiry of the three-month window, 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.”

Mnangagwa took power on the back of a military intervention code named Operation Restore Legacy which he said has helped to uncover cases where huge sums of money and other assets were illegally externalised.



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