Sign up, start voting on articles and create your own news feeds! | Login | Create a free account

US$7 BILLION WORTH OF ASSETS SIPHONED OUT OF ZIM : ZACC

An estimated US$7 billion worth of assets were illicitly

siphoned out of the country through corruption and money laundering and the

Zimbabwe Anti-Corruption Commission (ZACC) is now ratcheting up measures to

recover the ill-gotten gains.

ZACC has activated links with several international

agencies to recover the loot, some of which is salted away in offshore bank

accounts and trust funds. Some...

read more...

Published By: newsdzezimbabwe - Saturday, 24 July