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Zimbabwe’s ex-Finance Minister faces graft probe

Publish date: 13 September 2018
Issue Number: 628
Diary: Legalbrief Forensic
Category: Criminal

Former Finance Minister Tendai Biti is being investigated by the Zimbabwe Anti-Corruption Commission (ZACC) for allegedly instructing the National Social Security Authority (NSSA) to deposit more than $30m into two banks which have since collapsed. The Herald reports that the commission’s investigations committee head commissioner Goodson Nguni said Biti allegedly deposited the funds at Interfin Merchant Bank and Renaissance Bank on separate occasions. Former directors of NSSA were also under investigation for allegedly siphoning funds to buy houses in SA, the Daily News reported. Biti was removed from office with the dissolution of the power-sharing government in 2013, allegedly leaving the government with a domestic debt of almost $5bn.

Full report in The Herald (subscription needed)

Full Daily News report