HARARE, Zimbabwe.(News of the South)-Zanu PF benefactor and President Emmerson Mnangagwa advisor Kudakwashe Regimond Tagwirei and his company, Sakunda Holdings has been placed under sanction for corruption and abetting the plunder of public resources.
By Xolisani Ncube
“Tagwirei and other Zimbabwean elites have derailed economic development and harmed the Zimbabwean people through corruption,” said Deputy Secretary Justin G. Muzinich.
“The United States supports the economic well-being of the Zimbabwean people and will target repressive and corrupt acts and graft by Zimbabwean politicians and their financiers.”
Tagwirei, a close ally of the president and the Vice President Constantino Chiwenga is accused of having utilised his close relationship top leadership to line his pocket.
“Tagwirei used a combination of opaque business dealings and his ongoing relationship with President Mnangagwa to grow his business empire dramatically and rake in millions of U.S. dollars.
“Additionally, Tagwirei is the Chief Executive Officer (CEO) and founding director of Zimbabwe-based Sakunda Holdings. As CEO, Tagwirei is responsible for the overall strategy and direction of the company, as well as developing and maintaining relationships with key stakeholders, including regulators and clients,” reads part of the report.
In 2018m government audit reports revealed that more than USD2 billion dollars was misappropriated under the Command Agriculture program, a state farm subsidy championed by President Mnangagwa and largely financed by Sakunda Holdings.
Tagwirei was designated pursuant to E.O. 13469 for having materially assisted, sponsored, or provided financial, material, logistical, or technical support for, or goods or services in support of, the Government of Zimbabwe, any senior official thereof, or any person whose property and interests in property are blocked pursuant to E.O. 13288, E.O. 13391, or E.O. 13469.
Sakunda Holdings was designated pursuant to E.O. 13469 for being owned or controlled by, or for having acted or purported to act for or on behalf of, directly or indirectly, Tagwirei.
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