News / National
Chinese exploiting Zimbabwe resources
24 Apr 2017 at 22:47hrs | Views
A political analyst Vince Musewe has lamented that Zimbabweans are to blame themselves for allowing their natural resources to be exploited by the
Chinese.
He made the remarks following reports by the Sunday Mail that more than $15 million could have been smuggled out of the country by the Asian guys.
"I still maintain that we are our own worst enemies. This extract from Sunday Mail proves my point. "Information provided to The Sunday Mail
Business suggests that more than US$15 million could have been spirited away through "shareholder loan repayments" of US$9,2 million; "advance
payments" of US$2,7 million to Chinese businesses and partners; "management fees" of US$2,3 million; and disposal of properties worth US$715 000," he said.
"It is alleged that proceeds from the disposal of Freda Rebecca Holdings' head office at 21 Selous Avenue and Asa Zimbabwe's head office at 2 Denmark Avenue — both in Harare — were routed to China using exchange control authority for the shareholder loan, which can be interpreted as asset stripping."
He said the Chinese are NOT in Zimbabwe for people's benefit.
"I don't know how many times I must say this. We need a financial intelligence centre that focuses only on illicit resource funds leakages.
In my opinion we can achieve a production of 100tons of gold per annum in no time as opposed to the current 25tons," he said.
Chinese.
He made the remarks following reports by the Sunday Mail that more than $15 million could have been smuggled out of the country by the Asian guys.
"I still maintain that we are our own worst enemies. This extract from Sunday Mail proves my point. "Information provided to The Sunday Mail
Business suggests that more than US$15 million could have been spirited away through "shareholder loan repayments" of US$9,2 million; "advance
payments" of US$2,7 million to Chinese businesses and partners; "management fees" of US$2,3 million; and disposal of properties worth US$715 000," he said.
"It is alleged that proceeds from the disposal of Freda Rebecca Holdings' head office at 21 Selous Avenue and Asa Zimbabwe's head office at 2 Denmark Avenue — both in Harare — were routed to China using exchange control authority for the shareholder loan, which can be interpreted as asset stripping."
He said the Chinese are NOT in Zimbabwe for people's benefit.
"I don't know how many times I must say this. We need a financial intelligence centre that focuses only on illicit resource funds leakages.
In my opinion we can achieve a production of 100tons of gold per annum in no time as opposed to the current 25tons," he said.
Source - Byo24News
