ZACC has said it is expecting to have recovered US $300 million in assets bought by proceeds from corruption by the end of this year as it is targeting houses and luxury cars suspected to have been bought by graft funds, The Herald reports.
This was revealed by the commission’s chair Justice Loice Matanda-Moyo who said they have recovered $100 Million in assets so far. Matanda Moyo Spoke at length about their work and said:
To date, the commission has recovered over US$100 million worth of assets. Thanks to the enactment of the Money Laundering and Proceeds of Crime (Amendment) Act, 2019 which empowers the seizing of unexplained wealth.
Increased collaboration with enforcement authorities of the unexplained wealth orders housed in the NPA and Zimra will see the commission far exceeding its target of recovering $300 million worth of assets by the end of the year.
Recovery of externalised proceeds of crime has also been given a boost through the establishment of agreements with reputable international partners who specialise in asset tracing and recovery,
Several investigations are underway to bring many culprits to book. The Commission has set a target of at least 80 dockets to be completed and submitted to the NPA for prosecution by December 31, 2020.
..The victimisation and intimidation of whistleblowers will soon be a thing of the past with this piece of legislation coupled with other efforts such as the deployment of a whistleblower app that will make it easier for citizens to report cases online and track their progress.
ZACC has over the last few months compiled cases against prominent figures and has blamed the NPA for failing to prosecute the corruption perpetrators.
More: The Herald