Chiyangwa poses with his latest acqusition at Zimoco showroom last week - Picture by Kudakwashe Hunda

Zimbabwean Authorities To Confiscate Rich People’s Corrupt Assets

Posted by: bukejonah in World news June 22, 2020

News that reached our desk this morning indicates that the Zimbabwean authorities are ready to deal with all people who cannot explain where their wealth came from. They are in danger of having their assets confiscated even if they are cleared of corruption allegation by the courts.

Check also: Public Asked To Monitor Government Agencies On Corruption

“The new operation was “an intensive lifestyle audit” of the rich.” Said the chairman of Zimbabwe’s anti-corruption commission Justice Loyce Matanda-Moyo.

According to the Zimbabwean authorities, the country is facing it’s worst economic crisis in over ten years. There is an increase in public anger over poor public services and corruption.

“This is an intensive lifestyle audit on some of the rich people. They have to produce their invoices on what goods or services they rendered and this has to match the value of the acquired properties. We will also be checking if these people or their businesses were paying taxes.” Justice Matanda-Moyo added on.

Ireland and the United Kingdom also changed their laws and introduced unexplained wealth orders three years back therefore Zimbabwe is not the first country to make individuals explain their source of wealth.

People who are under investigation have been instructed to go to high court to account for their wealth but in case they fail to do so, it will automatically result in confiscating of their assets.

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