Mugabe, high ranking officials channelled $15 billion to offshore accounts – Presidential trips siphon millions

Stash of cash and diamonds under Mugabe's bed

The shocking revelation by Robert Gabriel Mugabe that $15 billion worth of diamonds went missing from Marange diamond mines without him ordering an investigation that could have led to prosecutions of this grievous fiscal crime brings into question the innocence of Mugabe into the disappearance of the money. The failure by President Mugabe to order an investigation into the disappearance of such a colossal amount of money belonging to the Republic of Zimbabwe brings the president at the centre of the crime scene together with his compatriots, rent seekers and brokers.

The unprecedented scale of the loot petrified Mugabe. He could not contend with his moral conscience at least for once to a point where he could not hold back his guilt. His public pronouncement of the theft was intended to exonerate himself and to divert focus away from him. The country was defrauded and looted of its revenue from diamonds plunging it into a financial crisis.

The dictatorship brokerage brokered a shipment of $15 billion worth of diamond to offshore investments and the transfer of $15 billion dollars in cash was then made into offshore secret banks accounts. The underhand mafia-style death by car accident of Edward Chindori Chininga former mines and energy minister was a cover up of theft by the highest ranking officials that deprived the country of the truth about the whereabouts of the $15 million diamond corruption scandal. The movement and disappearance of this kind of money cannot be the work of small men but that of the most powerful men in the land.

It is now public knowledge that Mugabe, his wife and a clique of hangers-on use factious names to run offshore bank accounts in well-known global offshore banking services such as Panama, Switzerland, Malaysia, Dubai, the British Virgin Islands, the Cayman Islands, Liechtenstein and Uruguay. The United States dollars in offshore accounts is never ploughed back into the economy of Zimbabwe and may not even be recovered at the oust or death of a dictator

The same ZANU PF suspect leaders run business investments by externalising the United States dollars to buy properties in Malaysia, Dubai, South Africa, Singapore and India. A huge chunk of the United States dollars goes into the presidential travelling money bag purportedly named as the presidential allowance on Mugabe’s numerous trips overseas. The presidential money bag leaves Zimbabwe full of hundreds of thousands of Untied States dollars to be deposited in offshore bank accounts and the bag is returned back to Zimbabwe virtually empty to be refilled again for the next trip. No wonder why the office of the President budget ranks higher than many other departments to make it appear perfectly legal for the president to use the money as he wishes.

After wrecking Zimbabwe air fleet Mugabe is now resorting to private chartered planes that charge in United States dollars by the hour including the security charge due to the high risk associated with this kind of customer. More United States dollars are paid out to provide a financial reservoir for Mugabe’s overseas medical costs that have unfortunately come with a huge burden to the Zimbabwe public purse and economy. The purchase and running costs of his downtown exclusive suburban villas in Malaysia, Dubai and South Africa require many United States dollars. This gives an insight to the reasons why the United States dollar has disappeared from public circulation.

Grace Mugabe was in the news involved in a diamond scandal and deal involving millions of dollars’ worth of rough diamonds for the manufacture of diamond jewellery overseas with money expropriated from the local banks. The diamond ring deal came to light when it went wrong. Grace Mugabe sought for the refund to be paid into her offshore bank account in Dubai when it was withdrawn from the local bank in the first place. This provides compelling evidence that Grace Mugabe and her associates run offshore bank accounts in Dubai and other countries for their own personal interests against the interests of the country. The Zimbabwe financial crisis can only be blamed on the ZANU PF authorities, not the general public who stands accused of petty currency offences by these ZANU PF kleptomaniacs.

The Mugabes wrongly called ‘first family’ on moral grounds are not alone in this syndicate that deprives the people of Zimbabwe of their money and resources to nourish the unprecedented evil of looting and greed by the very same people untrusted by the people of Zimbabwe to protect both the wealth and wellbeing of our country. Mugabe’s henchmen in government and security services are heavily involved in externalisation of the United States dollars by creating overseas cash reserves to pay for their children school fees in overseas educational institutions, to go on holidays’ expeditions around the globe, to pay for their medical bills at foreign hospitals and to buy properties which they hope to use as their safe haven when ZANUPF is defeated.

History has it that thieving dictators loot from their poor countries to hide ill-gotten money, gold, diamonds, arts, and jewellery in offshore banks in other countries. Many offshore banks are sustained by rich evil kleptomaniacal dictators in politically unstable developing countries that wreck and plunder the resources of their poor, weak and vulnerable countries to finance their immoral egos as well as to cope with their fears of the wrath of law on charges of deceit, corruption, plunder, mass murder and violation of human rights when they are dethroned by the people seeking peace and prosperity.

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Source: Bulawayo24

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