JUST IN: "We've Recovered Properties Worth Over $100M," ZACC

The Zimbabwe Anti-Corruption Commission Chairperson, Justice Loice Matanda-Moyo, has said that the anti-graft commission has recovered properties and goods worth over $100 million from looters.

Speaking to the Herald in an interview on the sidelines of a signing ceremony of a Memorandum of Understanding between Zacc and other stakeholders such as the National Prosecuting Authority, Reserve Bank of Zimbabwe’s Financial Intelligence Unit, Zimbabwe Republic Police, Immigration Department, and the University of Zimbabwe, the ZACC chair said:

We are only forfeiting as Zacc then we take it to the NPA who will go to court for confirmation. As Zacc the goods we are holding on right now goes into hundreds of millions of dollars because right now we are in the process of preparing papers for the recovering of properties in our leafy suburbs. In Borrowdale we are looking at over 10 properties with high value, and we have got so many vehicles now which we have targeted, others we already have in our possession.

ZACC was this year given arresting powers whilst efforts underway to establish legislation that allows the confiscation of wealth alleged to have been solicited corruptly or illegally.

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