Govt grants 3-month amnesty for return of stolen funds

Govt grants 3-month amnesty for return of stolen funds

HARARE, November 28 (The Source) – Zimbabwe President Emmerson Mnangagwa on Tuesday granted a three month amnesty for return of funds and assets he says were illegally moved out of the country.
“As a first step towards the recovery of illegally externalised funds and assets, the government of Zimbabwe is gazetting a three-month moratorium within which those involved in the malpractice can bring back the funds and assets, with no questions asked or charges preferred against them,” said Mnangagwa in a statement on Tuesday.



In 2015, 280 Zimbabweans and corporates were listed in Panama Papers for externalising funds.
Last year, the central bank tightened controls on offshore investments to plug foreign currency leakages after the country lost $1,8 billion in illicit financial flows last year — over a third by individuals.
“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,” said Mnangagwa.