Govt begins hunt for missing $15 billion

MINES and Mining Development deputy minister Fred Moyo has revealed that the government is undertaking an audit to put closure to the missing $15 billion in diamond revenues.

Source: Govt begins hunt for missing $15 billion – NewsDay Zimbabwe November 24, 2016

BY NQOBANI NDLOVU

President Robert Mugabe in February shocked the nation when he disclosed that nearly $15bn in expected diamond revenues had disappeared.

Despite the disclosure, the government has not shown any appetite to follow up on the matter, attracting criticism and scorn from opposition parties.

Moyo said his ministry had begun investigations into the matter.

“The issue of the $15bn was mentioned by those that are in Cabinet and the Executive, that is, His Excellency, the President,” he told Senators recently.

“At our level, as directors and deputy ministers, we have not been tasked to do anything, but what I can say is that we already have our programme, as a ministry, where we are carrying out an audit using an international company.”

Moyo was responding to a question from Senator David Chimhini (MDC-T) on whether the ministry had “put in place, a mechanism to find closure to the question of the alleged missing $15 billion from Chiadzwa”.

Moyo said the ministry had instituted an audit into the issue, but insinuated that the missing money was not as much as $15bn.

“It is normal practice for companies to reconcile their activities and geology that we had predicted and the geology that came out — the minerals that we had estimated, the minerals that came out and the prices that we had estimated,” Moyo explained.

“That audit has been put in motion, but the $15 billion — talking as an engineer — it is quite a general statement and I am not sure where you will be starting from, because you say $15 billion or saleable equipment of what was in the ground or what was mined. So, I am not too sure what that figure was referring to.”

Zimbabwe is rated among the most corrupt countries in many surveys ranking graft trends worldwide.

COMMENTS

WORDPRESS: 8
  • comment-avatar

    Deputy minister Fred Moyo: you talk s…t. Nothing is being done to look for the $15billion, and you know that, you stupid ZanuPF worm. It’s rather tragic that all of you in ZanuPf think that the general public are thick and stupid and that we would believe all your propaganda clap-trap.

  • comment-avatar
    Mukanya 6 years ago

    US$15 billion gone by the WIND……….investigations pursue assholes till mutation to mouth-holes

  • comment-avatar
    Reverend 6 years ago

    Mugabe, go check your bank account! We all know it is there, and acting like it isn’t is a lie! Maybe we get the FBI and the CIA in on the bookwork to locate it!!

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    Ginya 5 years ago

    Now you want to pretend to look for the billions of money after you brutalised citizens who peacefully enquired about this issue We don’t need FBI or CIA not even the so called ZRP useless gits Start at the top -The old man has a house with gold chandeliers -how on earth —-

  • comment-avatar
    ntaba 5 years ago

    Just check the Zanu crooks’ bank accounts and you will find it, easily. There may be a few to check but just google Zanu/Politburo/Central Committee/Bearer Cheque Printer/Bond Note Printer/Fake Doctorates/Farm Beneficiaries/Kondozi Looters/RBZGuv.com and you will be “pretty much on the money!”

  • comment-avatar

    Well said ntaba.
    The minister is going to use an “international company” for the audit.
    Interesting. Meaning the company will be from E Guinea, I suppose?

  • comment-avatar
    evans zivuku 5 years ago

    hw will they hunt for 15billion if they can not trace the few thousands Moyo had siphoned

  • comment-avatar
    Dubbozimbo 5 years ago

    I am looking, I am looking eish where is she?