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Zim banking system has a history of bad governance- Zanu PF UK
17 Jan 2016 at 06:09hrs | Views
The Ruling Zanu PF United Kingdom chapter has bemoaned the Zimbabwe's banking system describing it as known for bad governance.
"Zimbabwe banking system has a history of bad governance. A lot of depositors lost their moneys as bankers abused funds they were meant to be stewards of. Hardly anyone was ever imprisoned because of a gap in the law," said Zanu PF UK. "It goes without saying that the amounts involved would qualify to make this grand theft."
The chapter said strangely pickpockets were being jailed whilst bankers stealing at grand scales were just going scoot free.
"Now any banker who deliberately abuses depositors' funds or is negligent with the money resulting in prejudicing the depositors moneys will serve 10 years in prison. In short any bank closes down, directors are likely going to jail for a long time. This is a good deed. Better late than never," said Zanu PF UK.
"Zimbabwe banking system has a history of bad governance. A lot of depositors lost their moneys as bankers abused funds they were meant to be stewards of. Hardly anyone was ever imprisoned because of a gap in the law," said Zanu PF UK. "It goes without saying that the amounts involved would qualify to make this grand theft."
"Now any banker who deliberately abuses depositors' funds or is negligent with the money resulting in prejudicing the depositors moneys will serve 10 years in prison. In short any bank closes down, directors are likely going to jail for a long time. This is a good deed. Better late than never," said Zanu PF UK.
Source - Byo24News
