Article Search

 Zimbabwe to seize bankers' farms
    September 14 2004 at 01:47PM Get IOL on your
mobile at m.iol.co.za

Harare - The Zimbabwe government plans to seize farms belonging to bankers who fled the country in 2003 after being accused of mishandling foreign currency.

According to a notice published in the state-controlled Herald newspaper on Tuesday, the state would compulsorily seize nine farms from directors of the National Merchant Bank and Intermarket Holdings.

Some of the directors, among them prominent banker Julius Makoni, fled to the United Kingdom denying any wrongdoing, but fearing retribution from President Robert Mugabe's ruling Zanu-PF party.

Meanwhile Mugabe said he would "leave no stone unturned" in his efforts to extradite suspects wanted "in connection with corruption" by police.
Continues Below ↓





'We will be charging that Britain is keeping criminals'
Zimbabwe's police are accused of being fiercely loyal to the ruling party.

"Criminals are criminals. We will be charging that Britain is keeping criminals. Does that augur well for Britain," Mugabe stated.

Mugabe, embroiled in a long-running dispute with Zimbabwe's former colonial power, said he was investigating foreign bank accounts in an effort to repatriate the money.

He said he would ask Interpol, the international police agency, to assist his government to return "fugitives" to face justice.

None of the bankers who will lose their farms this week have been charged with criminal activity. - Sapa

Email StoryPrint Story
BOOKMARK THIS STORY
Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser.

Use the links below to share this article on the social bookmarking site of your choice.

Read more about social bookmarking at Wikipedia - Social Bookmarking

muti



     Related Articles
More Southern Africa stories

Watch IOLs latest videos on YouTube Join IOLs Facebook page Follow IOL on Twitter





     Online Services

     More Services

     More Southern Africa Stories

     Breaking News      Most Read Stories
      Top News Stories
      Top Africa Stories
      Top Reads - Yesterday



     Entertainment      Motoring
Amor: I never left Joost
Mbuli back in front of the camera
Jay-Z is ready for babies

     Business
Business as usual at V&A Waterfront
Xelexwa liquidators withdraw call for EGM
Dubai debt woes sting Gulf financial sector
SAVED! BMW F1 team back for 2010
Ting, ting! Bentley gives St Luke's a bus for Christmas
New family Fiat has it all inside, mom
Fair-weather bikers take top spot in crash toll
Crash helmets rated - how does yours score?

     Travel
Michelin embraces cheap Hong Kong eats
The world's top 20 business hotels
What, no working toilet?
Guest left glowing despite the glitches
Online opportunities in travel
     Careers
For many, full potential goes unharnessed
Getting to grips with the transport industry
To be your own boss, believe in yourself first
Salary survey puts unstable economy into the equation
Development of child is key