Zacc chairperson Justice Loice Matanda-Moyo said those who would have surrendered the ill-gotten wealth will not be arrested.
Speaking during the official opening of the Governance and Accountancy Institute of Zimbabwe 50th anniversary in Victoria Falls last Friday, Manda-Moyo said:
Those in possession of ill-gotten wealth, bring it back and you won’t be arrested, we will give you amnesty.
Justice Matanda-Moyo said corruption is more expensive, undermines service delivery, deprives the government of taxes, and causes capital flight while also making the country unattractive to foreign direct investment.
She said Government is carrying out many projects under the National Development Strategy 1(NDS1) and Devolution Agenda among others and continuing to allow corruption will result in substandard work being done.
Justice Matanda-Moyo said Zacc is this year focusing on preventing corruption, which is cheaper than chasing after stolen wealth.
Zimbabwe which is reportedly losing over a billion dollars through corruption every year is ranked among the most corrupt nations in the world.
The picture has choked efforts to revive the economy as it scares away potential investors while financial institutions reduced financial support.
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This should make very interesting reading to the UN rapporteur who is visiting Zimbabwe to investigate the negative impact of the sanctions imposed by West on Zimbabwe. ZACC’s own figures shows that billions of dollars has been salted out of the country over and above the one billion being salted out each year as we speak.
How does these figures compared with the frozen assets of those on the sanctions list and the loses the country is making per year because of sanctions?
The so-called Second Republic was launched four years ago, come November, with a “zero tolerance to corruption” policy and yet corruption has spread from the diamond mining to gold and platinum and now to many service sectors with the mushrooming of cartels.
It the UN rapporteur’s report is not yet another UN whitewash then it must state categorically that the root causes of Zimbabwe’s economic meltdown are gross mismanagement and rampant corruption. Sanctions have been used by the Zanu PF regime as just a convenient scapegoat!