{"id":50832,"date":"2021-12-05T18:20:51","date_gmt":"2021-12-05T16:20:51","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=50832"},"modified":"2021-12-05T17:27:01","modified_gmt":"2021-12-05T15:27:01","slug":"zacc-locates-unexplained-assets-worth-730-million","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/zacc-locates-unexplained-assets-worth-730-million","title":{"rendered":"ZACC Locates Unexplained Assets Worth $730 Million"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>The Zimbabwe Anti-Corruption Commission (ZACC) says it has located unexplained $730 million worth of assets whose owners must explain how they acquired them or risk losing them to the State.<\/p>\n

Appearing in Parliament before the parliamentary portfolio committee on Justice to discuss the 2022 national budget, ZACC commissioner Gabriel Chaibva revealed that they were dealing with almost 200 suspected corruption cases. Said Chaibva:<\/p>\n

Of these, the anti-graft body secured six convictions and recovered $52 200 000 (US$600 000), which had been siphoned by bigwigs.<\/p>\n

But if the remaining cases fail to prove the source of the fortunes estimated at about $680 million, the assets may be forfeited by the State.<\/p>\n

Chaibva bemoaned the $294 million allocated to the commission in the 2022 national budget presented by Finance and Economic Development minister Mthuli Ncube last month, saying it was inadequate.<\/p>\n

The anti-graft body has been accused of allowing high profile individuals to evade justice, the \u201ccatch and release\u201d style, but the commission said it requires significant resources to pursue corruption cases in the country.<\/p>\n

In the document presented before Parliament, ZACC said the target was to send 180 cases to the National Prosecuting Authority (NPA).<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The Zimbabwe Anti-Corruption Commission (ZACC) says it has located unexplained $730 million worth of assets whose owners must explain how they acquired them or risk losing them to the State. Appearing in Parliament before the parliamentary portfolio committee on Justice to discuss the 2022 national budget, ZACC commissioner Gabriel Chaibva revealed that […]<\/p>\n","protected":false},"author":84,"featured_media":50831,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,7415,7416,2016,386,19,3666],"class_list":{"0":"post-50832","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-corruptionnational-prosecuting-authority","14":"tag-gabriel-chaibva","15":"tag-npa","16":"tag-zacc","17":"tag-zimbabwe","18":"tag-zimbabwe-anti-corruption-commission"},"yoast_head":"\nZACC Locates Unexplained Assets Worth $730 Million - zimbabwe<\/title>\n<meta name=\"description\" content=\"The Zimbabwe Anti-Corruption Commission (ZACC) says it has located unexplained $730 million worth of assets whose owners ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zacc-locates-unexplained-assets-worth-730-million\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ZACC Locates Unexplained Assets Worth $730 Million\" \/>\n<meta property=\"og:description\" content=\"The Zimbabwe Anti-Corruption Commission (ZACC) says it has located unexplained $730 million worth of assets whose owners ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zacc-locates-unexplained-assets-worth-730-million\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-05T16:20:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-05T15:27:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/12\/img-61acda2982227.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1032\" \/>\n\t<meta property=\"og:image:height\" content=\"502\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zacc-locates-unexplained-assets-worth-730-million\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zacc-locates-unexplained-assets-worth-730-million\",\"name\":\"ZACC Locates Unexplained Assets Worth $730 Million - 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