Mnangagwa extends looters amnesty as deadline expires

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President Emmerson Mnangagwa has extended the amnesty for those who externalized funds and assets by two weeks after which names of those who do not heed the call to return their loot will be published.

Mnangagwa had given a three month moratorium for the return of assets and funds that had been externalized by mostly senior government officials, which expired on February 28, 2018.

In a statement issued Friday, President Mnangagwa said there had been a positive response with the government processing 105 cases valued at $250 million in externalized foreign currency.

He said the bulk of those that did not take heed of the amnesty pertained to non-remittance of export proceeds.

“As a result of the positive response, the Reserve Bank has requested for additional time to validate and finalise the Amnesty process before government proceeds to name and shame those who did not take heed of the amnesty and to proceed to take legal action against such cases,” he said.

He said he had granted the authority that the central bank had sought to extend the amnesty by another two weeks to facilitate the validation process.

“Accordingly, I have granted the authority for the extension of the amnesty by a period of two weeks to 16 March, 2018,” he said.

FILE PHOTO: Zimbabwe’s President Emmerson Mnangagwa attends a meeting of the ZANU-PF central committee in downtown Harare, Zimbabwe, December 14, 2017. To match Special Report ZIMBABWE-MNANGAGWA/GENERALS REUTERS/Philimon Bulawayo/File Photo