- Accounts of ill-gotten wealth frozen
- Draft application for confiscation already launched with High Court
THE Zimbabwe Anti-Corruption Commission (Zacc) this week intensified its asset recovery effort, with former Defence ministry finance director Denson Muvandi on the radar, Zim Morning Post can reveal.
A source in the Defence ministry told this publication that Muvandi allegedly concealed his personal interest in a transaction amounting to ZWL$2 700 546.00.
“He is alleged to have concealed his personal interest in a transaction amounting to ZWL$2 700 546.00,” said the source.
Documents in Zim Morning Post’s possession show that some money was transferred into a company account owned by the accused, Cheryl Ethan Travel Services, FBC account and then transferred into Right Turn Travel (Pvt) Ltd, another company he owned together with his wife, into another different FBC account.
The funds were for the purchase of air tickets which were below the ZWL$2 700 546.00.
Zacc applied for and obtained a warrant to allow them freeze the two accounts.
This publication, however, understands that Zacc has already submitted a draft application for the confiscation of property acquired through corrupt activities at the High Court in Harare and National Prosecution Authority Assets Forfeiture Department.
The application is in accordance with Section 60 of the Money Laundering and Proceeds of Crime Act (Chapter 9:24).
Zacc announced on their twitter handle that they have already arrested four members of the uniform from the military and these include Peter Muchakazi, Dhuvai Muzenda, Maria Fungisai Chiurira and Tandagu Jonathan.
The accused militants occupy top ranks within the military the first accused is the Director for Procurement, second are accountants and the third accused are Administration officers.
The accused persons are being charged with Abuse of duty, misusing money worth ZWL$751 000.
They appeared in court and were allowed ZWL3 000 bail. The accused were remanded to March 23.
The blitz comes after Zacc revealed it had identified over US$7 billion in cash and properties stashed outside the country.
According to Zacc, some of the properties and cash are in countries such as Switzerland, London, the United States, Singapore, Hong Kong, Malaysia, Mauritius and Spain.
