CZI Complains Of Massive Corruption In The Allocation of Forex By The RBZ

The Confederation of Zimbabwe Industries (CZI) has lamented the massive corruption in Zimbabwe, saying that foreign currency allocations by the Reserve Bank of Zimbabwe were being diverted for other purposes. CZI chief executive Clifford Sileya described the corruption as “murderous” and alleged that money was being diverted from the intended beneficiaries without the knowledge of John Mangudya, the governor of the central bank.

Addressing participants at the Employers’ Confederation of Zimbabwe (Emcoz) collective bargaining summit in Nyanga, Sileya said:

One company which supplies oxygen to hospitals has not received an allocation of foreign currency for three months.

The Reserve Bank governor (John Mangudya) nearly fell off his chair when he heard this saying he sent an allocation weekly. Seriously this is corruption which is certainly murderous.

More: The Independent