Mnangagwa issues amnesty for return of funds stashed abroad

Published on November 30, 2017 by admin

Zimbabwe has granted a three-month amnesty period to companies and individuals who have illegally moved cash out of the country. President Emmerson Mnangagwa says anyone who fails to repatriate the assets by February 2018 will face criminal charges. Mnangagwa says an investigation called Operation Restore Legacy has uncovered cases where huge sums of money and other assets were illegally moved out of Zimbabwe. Central bank figures show that between 2015 and 2017, an estimated 3-billion-dollars was moved to countries such as Mauritius and the Far East. The bank also estimates that the country lost an average 150 million dollars every month in 2015 to illicit financial flows.

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