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Mnangagwa says Zimbabweans return $591mn stashed abroad

Zimbabwe’s President Emmerson Mnangagwa announced a three-month amnesty for the return of public funds illegally stashed abroad when he was sworn in in November.

Zimbabwean President Emmerson Mnangagwa looks on after he was officially sworn-in during a ceremony in Harare on 24 November 2017. Picture: AFP

HARARE - Zimbabwe’s President Emmerson Mnangagwa said on Monday companies and individuals had returned $591 million in funds illegally stashed abroad after a 90-day amnesty to bring back the money expired last week, but $827 million was still outstanding.

Mnangagwa announced a three-month amnesty for the return of public funds illegally stashed abroad when he was sworn in in November after a defacto military coup forced Robert Mugabe to resign.

Mnangagwa's government has finally published a list of nearly 2,000 people and companies he says stashed money abroad under the rule of Robert Mugabe.

The government say most people ignored the amnesty which was offered soon after Mnangagwa was sworn in.

Only $591 million was brought back to Zimbabwe out of the $1.4 billion the president said had been sent out illegally.

The list does not include the names of any high-ranking senior Zimbabwean politicians, who many believe are likely to have siphoned off money.

Among some of the names on this list are those firms that used to mine diamonds in the east of the country, like Mbada Diamonds and Jinan Mining.

The Global Witness has in the past linked these and other diamond firms to Zimbabwe’s military and intelligence services.

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