ZACC Targets US$1 Billion Unexplained Wealth

The Zimbabwe Anti-Corruption Commission (ZACC) is this year targetting to recover cash and assets valued at over US$1 billion that were acquired through proceeds of crime.

In an interview with The Sunday Mail, ZACC chairperson Justice Loyce Matanda-Moyo expressed confidence that the target will be attained. Said Matanda-Moyo:

For asset recovery this quarter, investigations into unexplained wealth are at advanced stages and the commission is confident that by the end of the year, the commission will have seized assets valued at US$1 billion…

The commission is on course and has made 61 arrests and referred 68 completed dockets to the National Prosecuting Authority.

She said ZACC has already secured two high-profile convictions, that is, former Zimbabwe National Road Administration (ZINARA) chief executive officer Saston Muzenda and Karoi provincial magistrate Felix Chauromwe.

Muzenda (48) was recently sentenced to 36 months in jail after being convicted of criminal abuse of office.

Chauromwe was jailed for his unlawful release from remand of three Vehicle Inspectorate Department (VID) officers in 2021.

Justice Matanda-Moyo said that ZACC will take the war against corruption to the private sector, especially mining, civil society and non-governmental organisations.

She added that ZACC will follow leads from various Auditor-General’s reports and ensure the alleged culprits are prosecuted.

More: Pindula News