Kasukuwere, Moyo bank accounts frozen; order issued by RBZ

Denis Gwenzi
Own Correspondent

THE Reserve Bank of Zimbabwe (RBZ) has ordered all financial institutions to freeze the bank accounts of former cabinet ministers Jonathan Moyo and Saviour Kasukuwere.

The now exiled politicians are leaders of the G40 Zanu PF faction which is now largely on the run after last month’s military coup. 

Kasukuwere’s imposing mansion in Harare remains under military guard.

Moyo immediately condemned the RBZ, remaking on Twitter that; “The law of the jungle is in operation in the so called New Era! 

“The real risk & possibility that bank accounts can be frozen just like that without due process in the so called New Era in Zimbabwe run by the Military, spells doom for ordinary people or businesses and worse for investors!”

Obert Gutu, spokesman for the opposition MDC-T party added; “Certainly, there are other top Zanu PF politicians, over and above these two men, who should also be investigated for alleged corrupt deals.

“Even some recently appointed Cabinet Ministers have got a prima facie case of corruption against them.”

The RBZ order to financial institutions reads; “You are directed to identify and immediately freeze all bank accounts in the name of (these) individuals and any accounts in which (they) are directors or have a known beneficial interest.

“The effect of the freeze is that (except any inflows into the account, which shall be processed normally and immediately notified to the RBZ) no other transactions shall be processed from a frozen account, until the (RBZ) advises otherwise.”

The CEO of a local bank who did not want to be named confirmed receipt of the directive adding that in terms of the RBZ Act, the central bank can order the suspension of banking services to individuals suspected of money laundering.

Kasukuwere and Moyo are believed to have escaped into exile after the military coup which ousted former president Robert Mugabe mid-last month.

The two were staunch allies of the 93-year-old leader and his wife, Grace, who was believed to be readying to succeed her aged husband as leader of the ruling Zanu PF part and State president.

That succession plan went pear-shaped after the military intervened, resulting in Mugabe resigning and former deputy Emmerson Mnangagwa taking over as the country’s new president.


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