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Top U S Senate Foreign Relations Committee Member Tells Mnangagwa Govt to Implement Needed Reforms, Stop Anti-Sanctions Rhetoric
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U S Official Tells Mnangagwa to Implement Reforms, Stop Anti-Sanctions Rhetoric
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Britain Imposes Targeted Sanctions on Zimbabwe Businessman Tagwirei, 4 Others Exploiting People
July 23, 2021
Gibbs Dube
FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul, Feb. 7, 2011.
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MARYLAND
Britain’s Foreign Secretary Dominic Raab has announced new United Kingdom sanctions against five individuals, including a top Zimbabwean businessman, said to be involved in serious corruption in Equatorial Guinea, Zimbabwe, Venezuela and Iraq.
In a message posted on the department’s official website, Rabb said the U.K has imposed sanctions on Kudakwashe Regimond Tagwirei “for profiting from misappropriation of property when his company, Sakunda Holdings, redeemed Government of Zimbabwe Treasury Bills at up to ten times their official value. His actions accelerated the deflation of Zimbabwe’s currency, increasing the price of essentials, such as food, for Zimbabwean citizens.”
By Thandiwe Garusa
TOP Harare, Beatrice Mtetwa, written to the Zimbabwe Anti-Corruption Committee (ZACC) calling for the investigation of tycoon Kuda Tagwirei’s alleged shady dealings following the exposition last week of his vast offshore business empire.
The Zanu PF benefactor has often been accused of state capture because of his vast business interests.
The report, produced by United States investigations firm, The Sentry, revealed his huge global network.
The report is entitled “Shadows and Shell Games: Uncovering an Offshore Business Empire in Zimbabwe.
In a letter which was written to ZACC, Mtetwa said: “This report has been circulating on social media and its contents suggest the existence of corruption, abuse of office, conflict of interest, tax evasion, breaches of the country’s public procurement laws etc. In the event your office might not have seen it, we hereto attach a copy for your attention.”
Dismantling Zimbabwe s kleptocracy: Report lifts lid on Kuda Tagwirei s offshore dealings and sanction-avoiding strategies
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