UPDATED: President Emmerson Mnangagwa’s List Of Looters And Externalizers Is Out

President Emmerson Mnangagwa

UPDATE: When we first published this list, it had the third and final table that has category III cases missing. These are cases that have been described as illicit financial flows that is funds externalised to foreign banks in cash or under spurious transactions (please don’t ask what spurious means). This is the list that has names of individuals as well as companies.

The President has finally announced the names of those who externalised funds, as promised. A two-week extension had been given to those who had not come forward under the amnesty. We will be looking at it to confirm if there are any interesting things for us to report on concerning the list itself.

THE FULL LIST (44 PAGES):

CATEGORY I :      Illicit Financial Flows – Funds Externalised through Non Repatriation Of Export Proceeds

CATEGORY II: Illicit Financial Flows – funds externalised through payment of goods not received in Zimbabwe

CATEGORY III: Illicit Financial Flows – Funds externalised to foreign banks in cash or under spurious transactions

Comments

42 responses

  1. Tinashe Avatar
    Tinashe

    Good start E.D. I`m awaiting the list of individuals….we don`t even know if most of these companies actually do exist.

    1.  Avatar
      Anonymous

      i truly doubt if he will handout the individual names involved coz his name could also be there..

  2. The Realist Avatar
    The Realist

    Now what?

  3. seb Avatar
    seb

    Ko ma chef aripi??

  4. Marvsta Avatar
    Marvsta

    This money doesn’t make sense. For a country as big as Zimbabwe to have a paltry less than 300 million externalized is a joke. Why isn’t Grace Mugabe and Obert Mpofu on this least cz i’m sure they externalized big time.

    1. Leander Robson Avatar
      Leander Robson

      Exactly

    2. Cde. Rekai Avatar
      Cde. Rekai

      it would be really dumb to use your real name in shady business deals wouldn’t it….

  5. Zim1 Avatar
    Zim1

    we need to know the company owners & individuals involved.

  6. Eddie Avatar
    Eddie

    So what next?

  7. Mithiyabo Avatar
    Mithiyabo

    Kkkk…better list those not involved.
    It like the entire country is involved.
    Does this mean the cash is back with Zim Reserve Bank or they are still looking for an abnormal truck loader to bring the funds back to the country…
    ..
    Now have a long list of companies at the top. Are these companies own by any alife..?

    Now we are waiting for the deadline when the money will be loaded into the bank ATMs

    Kodwa iZIM izakutshiya uswabile shuwa sibili. Okunje khona ayicha….

  8. Munashe Avatar
    Munashe

    where is category 3 ?? that is the biggest and that’s where certain individuals will feature.

  9. Allaz Avatar
    Allaz

    The Herald is gonna make so much extra cash from printing DENIAL PRESS RELEASES
    I bet the editor in chief already told his personal assistant to collect car brochures for his new wheels. Where are the “individuals” coz this is what we’ve all REALLY been waiting for – feels like we’ve been sold another dummy.

    1. Adel zuli Avatar
      Adel zuli

      Exactly my question..this man is taking us for fools

  10. ConjurorEconomics Avatar
    ConjurorEconomics

    Does anyone realise no matter what the law say, ownership of the money belongs to the so called criminals.

  11. Above Board Avatar
    Above Board

    What about the big wigs….. not listed…. our former president and his wife…. together with the other MP’s

    1.  Avatar
      Anonymous

      yea well one needs to start somewhere right….

    2.  Avatar
      Anonymous

      They are smart enough not to loot on personal accounts

  12. musa Avatar
    musa

    what has got to do with tech news? on the other hand, phew i dodged a bullet. the amount on the list is less than the amount externalised. lol

  13. jake Avatar
    jake

    The US$ is legal tender in Zimbabwe, the courts must now look forward to a lot of lawsuits I think.

  14. MuZimba Avatar
    MuZimba

    Really? Where are the real looters.

  15. #100 days Avatar
    #100 days

    wat now the Chinese man has vacated nemari yese

  16.  Avatar
    Anonymous

    I see that no Govtn Offials on the list…… I don’t believe this list. Fake news. As company or Individual you are allowed to bring in or send out within your limits. Yes the Mugabe’s have been made to look like saints. Please this is fake news.

  17. Obvious Avatar
    Obvious

    then whats next CDE President?

  18. Shoko Avatar
    Shoko

    Thanks for the list. Its of no use because these companies did not break any laws at the time. So this is just a list to fool us into thinking that ED is ding a good job

  19.  Avatar
    Anonymous

    What next

  20.  Avatar
    Anonymous

    Category 3 is full of Chinese nationals, look East policy was a success.

  21. LoL Avatar
    LoL

    slut investments….. Oh my, Zimbabwe…. you do not disappoint

    1. Pakaipa Avatar
      Pakaipa

      There is nothing like that on this list

  22. Annon Avatar
    Annon

    Nonsense where are the big fish……..

  23. Garwe remukono Avatar
    Garwe remukono

    Well Done my President

  24. Mithiyabo Avatar
    Mithiyabo

    Ayikho lento — jusst another waste of dada bundles ….

  25. Mithiyabo Avatar
    Mithiyabo

    Kodwa bakithi – if one looks at the below listing one wonders how many people have more than these amount in their cars or bedrooms right in Zim and will never take the money to the bank or even buy with the money
    ==========================
    282. Celramah Investments Agriculture 10800
    283. Malbok Trading Manufacturing 10724
    284. Stop Start Engineering Manufacturing 10406

  26. Tim Avatar
    Tim

    I failed to see where the former first lady’s assets and amounts are… Where any of the government’s ministers are on the list? Where Chiyangwa and his companies amounts are? There is NO transparency here

  27. GT Avatar
    GT

    I am surprised because some companies are in the process of clearing their goods and their names have been listed.

    What is the meaning of this list?

  28. Worried Avatar
    Worried

    Smoke and mirrors….1500 companies involved… Like our while industry… Possibly they were paying suppliers

    1. Cde. Rekai Avatar
      Cde. Rekai

      When you pay a supplier are you not supposed to receive the goods, dont defend the indefensible.

  29. Disapointed Avatar
    Disapointed

    when you buy materials from outside the country, there are acquittals to be filed, that then shows the entire path the money took, to arrive back as those materials.

    The people on this list, for whatever reason have not acquitted their payments.

    In the case of Stanbic customers, they can’t be held accountable because the bank itself prevented them from filing the acquittals. They are operating multiple years behind with their paperwork in this regard.

    I’m not sure what the case is with other banks, but what i fine more worrying is the number of companies, that i know for a fact to be dead, that are on the list.

  30. Always off Topic Avatar
    Always off Topic

    PG safety Glass is a Mining company?????
    Wow it seems all Companies are externalising money. My question is why this is called a list of looters, looters are thieves those that take what is not theirs. All those companies and individuals there earned those monies fair and square. Government just wants that money in the banking system so that they can have at it and just like the rest of us “stupid law abiding citizens” can have thier money stolen and replaced with either “digital bond currency” or bond notes. I really envy the people on the list , they are the clever ones. They moved their hard earned money before it could be looted by monetary authorities.

  31. NDINI Avatar
    NDINI

    kUNYENGANA MUKANWA UKU

  32. Pakaipa Avatar
    Pakaipa

    Elias Musakwa 9million

  33. Wechidiki Avatar
    Wechidiki

    Let’s see the end of the action but i bet nothing is ever going to change in this #NEW ERROR. I’m starting to think that this is just a list for the small fish… #STILL LOOKING FOR THE BIG FISH. (Cabinet Ministers not even 1 and yet there is one who owns a BANK, many buildings in the city of Kings as well as vast interests in Vic Falls). Its a shame, better to “undo the disgrace”… China has become the greatest risk in Zimbabwe Economy Recovery

  34. WORRIED CITIZEN Avatar
    WORRIED CITIZEN

    Let’s see the end of the action but i bet nothing is ever going to change in this #NEW ERROR. I’m starting to think that this is just a list for the small fish… #STILL LOOKING FOR THE BIG FISH. (Cabinet Ministers not even 1 and yet there is one who owns a BANK, many buildings in the city of Kings as well as vast interests in Vic Falls). Its a shame, better to “undo the disgrace”… China has become the greatest risk in Zimbabwe Economy Recovery

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