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Mugabe nephew in Hwange mine grab

by Staff reporter
28 Oct 2015 at 06:47hrs | Views

President Robert Mugabe's nephew Leo Mugabe might have pocketed millions of dollars before turning around to claim shares in a Hwange based mining venture by a Chinese investor.

Leo is locked in a dispute for the control of Hwange Coal and Gasification Company and is now reportedly fronting for a Chinese businessman, who holds minority shareholding in Taiyaun Sanxing HCG'S parent Company.

According to documents at hand and well placed sources, Leo's company, Stoat Mining had been offered 25% shareholding in Taiyuan Sanxing in the process of setting up HCGC for an initial sum of $10 million.

Source - newsday
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