Close This website uses modern features that are not supported by your browser. Click here for more information.
Please upgrade to a modern browser to view this website properly. Google Chrome Mozilla Firefox Opera Safari
your legal news hub
Sub Menu
Search

Search

Filter
Filter
Filter
A A A

Zimbabwe’s ex-Finance Minister faces graft probe

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

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

We use cookies to give you a personalised experience that suits your online behaviour on our websites. Otherwise, you may click here to learn more, or learn how to block or disable cookies. Disabling cookies might cause you to experience difficulties on our website as some functionality relies on cookie information. You can change your mind at any time by visiting “Cookie Preferences”. Any personal data about you will be used as described in our Privacy Policy.