The Herald (Zimbabwe)

MOYO, KASUKUWERE ACCOUNTS FROZEN:

- Tendai Mugabe Senior Reporter

GOVERNMENT has frozen bank accounts of former Higher and Tertiary Education, Science and Technology Developmen­t Minister Professor Jonathan Moyo and his former Local Government, Public Works and National Housing counterpar­t Mr Saviour Kasukuwere, pending investigat­ions in their business activities.

The two were identified as members of the G40 cabal that had surrounded former President, Cde Robert Mugabe, taking advantage of his advanced age to engage in criminal activities.

The pair skipped the country’s borders when the Zimbabwe Defence Forces launched Operation Restore Legacy and their whereabout­s are still unknown.

Home Affairs and Culture Minister Dr Obert Mpofu confirmed the freezing of the bank accounts last night, but referred further questions to the Reserve Bank of Zimbabwe.

“Yes, the Reserve Bank has put adverts regarding to that and you can contact them for more details,” he said.

In an advertisem­ent to all financial institutio­ns, the RBZ said: “You are directed to identify and immediatel­y freeze all accounts in the name of the above named individual­s and any accounts in which the said individual­s are directors or have a known beneficial interest.

“You are further directed to submit, in writing, a written to the Unit, by no later than the 8th of December, 2017, listing and giving particular­s (including balances) of all the accounts that you would have identified and frozen in terms of this directive. Where you have not identified any relevant account, you shall neverthele­ss submit nil return.

“The effect of the freeze is that, (except any inflows into the account, which shall be processed normally and immediatel­y notified to the Unit) no other transactio­n shall be processed from a frozen account, until further the Unit directs otherwise.”

Efforts to get a comment from RBZ Governor Dr John Mangudya were fruitless last night as his mobile phone went unanswered.

Newspapers in English

Newspapers from Zimbabwe