Mnangagwa gives 3 month amnesty for return of illegally externalised funds

Mnangagwa gives 3 month amnesty for return of illegally externalised funds

- Emmerson Mnangagwa issued a 3-month ultimatum for the return of government funds illegally syphoned off by individuals

- New government will offer a 3 months amnesty period for those involved in malpractice

- The government will start prosecuting those who do not comply on 1 March 2018

Zimbabwean President Emmerson Mnangagwa looks to be fulfilling his promise of “hitting the ground running” in an attempt to rebuild the shattered Zimbabwean economy.

Mnangagwa announced on Tuesday that his government wants all illegally externalised funds to be returned to the country within three months.

READ ALSO: Emmerson Mnangagwa dissolves Cabinet

In an attempt to entice individuals to come forward Mnangagwa announced a three month amnesty period for those involved in any illicit dealings. The amnesty period will run from 1 December 2017 until 28 February 2018.

Briefly.co.za gathered that once the amnesty period expires the new government will take harsh action against those who have not come forward. Mnangagwa promised to arrest and prosecute all those who failed to comply with the ultimatum.

Mnangagwa was sworn in as Zimbabwe’s President on Friday after the military took control of the government and forced former president Robert Mugabe to resign. The new leader says the military discovered that vast amounts of money and key government assets were being illegally taken offshore by individuals and big business.

The president described this practice as a “crime against all of Zimbabwe” and was something his new government would not tolerate much less condone.

Zimbabwe is currently facing a liquidity crisis which has become somewhat of a norm in recent years. Mnangagwa hopes to stave off a situation which would see banks facing further pressure on their already depleted cash reserves.

READ ALSO: Cyril Ramaphosa receives endorsement of AbaThembu king to lead ANC

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Source: Politics.briefly.co.za

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