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      Africa  

      Zimbabwe's Mnangagwa issues final warning as amnesty on externalization ends

      Source: Xinhua   2018-03-17 03:26:19

      HARARE, March 16 (Xinhua) -- Zimbabwean President Emmerson Mnangagwa on Friday issued a final warning to people who externalized funds and assets that he will name and shame them as promised on Monday next week.

      Mnangagwa's new administration in December last year issued a three-month amnesty to people and firms who illegally stashed cash and assets abroad to repatriate them at a no questions asked basis.

      The president then extended the amnesty by two weeks to March 16.

      Addressing a rally in Bubi, Matabeleland North Province Friday, Mnangagwa said the externalization cases had been put into three categories, with the first category comprising people who had brought back nearly 300 million U.S. dollars back into the country.

      The second category constituted money tied in properties and securities worth about 680 million dollars that government was currently discussing with the parties concerned.

      He said the names of people and firms in the two categories will not be revealed.

      The third category was that of people who had chosen to defy the government amnesty.

      "We are saying to these people please bring the money back because on March 19 we are going to name and shame you. This is part of my final warning to those who have remained silent, big or small," the president said.

      Early this month, Mnangagwa revealed that out of a possible 1,166 cases of externalization known by government worth 1.3 billion U.S. dollars, a total of 105 cases valued at 250 million dollars had been recovered.

      Editor: yan
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      Xinhuanet

      Zimbabwe's Mnangagwa issues final warning as amnesty on externalization ends

      Source: Xinhua 2018-03-17 03:26:19

      HARARE, March 16 (Xinhua) -- Zimbabwean President Emmerson Mnangagwa on Friday issued a final warning to people who externalized funds and assets that he will name and shame them as promised on Monday next week.

      Mnangagwa's new administration in December last year issued a three-month amnesty to people and firms who illegally stashed cash and assets abroad to repatriate them at a no questions asked basis.

      The president then extended the amnesty by two weeks to March 16.

      Addressing a rally in Bubi, Matabeleland North Province Friday, Mnangagwa said the externalization cases had been put into three categories, with the first category comprising people who had brought back nearly 300 million U.S. dollars back into the country.

      The second category constituted money tied in properties and securities worth about 680 million dollars that government was currently discussing with the parties concerned.

      He said the names of people and firms in the two categories will not be revealed.

      The third category was that of people who had chosen to defy the government amnesty.

      "We are saying to these people please bring the money back because on March 19 we are going to name and shame you. This is part of my final warning to those who have remained silent, big or small," the president said.

      Early this month, Mnangagwa revealed that out of a possible 1,166 cases of externalization known by government worth 1.3 billion U.S. dollars, a total of 105 cases valued at 250 million dollars had been recovered.

      [Editor: huaxia]
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