PRESIDENT Emmerson Mnangagwa’s government has finally released the long-awaited list of those involved in the externalisation of nearly a billion dollars in scarce foreign currency.
The list is dominated by diamond mining firms, other corporates and individuals of Chinese nationality.
It is broken down into three categories; funds externalised through non-repatriation of export proceeds, payments for goods that did not make it to Zimbabwe and funds externalised to foreign banks in cash or under spurious transactions.
Some 284 companies were found to have collectively externalised $237,452,276 through non-repatriation of export proceeds.
These include top mining firms such as African Associated Mines Mining which is responsible for $62,049,622; Marange Resources Mining ($54,238,249); Canadile Miners Mining ($31,350,554); Mbada Diamonds Mining ($14,764,060) and Jinan Mining ($11,072,668).
The mining companies are among those that once vehemently contested a government order to seize mining operations in Marange in place of a merger under government control.
They were being accused of spiriting away billions in potential diamond revenue which then President Robert Mugabe once estimated to have been $13 billion since formal mining operations in the diamond rich area began in 2008.
According to the expose’, a total of 1,403 firms were also found to have externalised a total of $124,846,957 through payment of goods not received in Zimbabwe.
The third category lists 157 firms and individuals who collectively externalised $464,204,171 in foreign banks in cash or under spurious transactions.
Most of the banks in which the funds were stashed are Chinese institutions, a suggestion these were individuals from the world’s second biggest economy once granted generous investment rights by Mugabe’s now defunct government.
The total amount externalised is $826,503,404 in all categories.
Publication of the list follows a three-month ultimatum given to locals and those benefiting from the Zimbabwean business market by Mnangagwa to repatriate their loot or be named and shamed.
One of the lists;