ZACC Hires International Organisation To Recover Siphoned Assets

The Zimbabwe Anti-Corruption Commission (ZACC) is engaging an international organisation to help track and recover assets illegally siphoned out of the country as it moves a gear up in the fight against corruption.

This initiative is under the asset recovery unit of the Commission, which is currently seized with 36 domestic applications for the forfeiture of assets worth about US$4,5 million.

The unit has been boosted by the establishment of the Unexplained Wealth Orders.

However, there are some assets hidden out of the country that should be recovered, prompting ZACC to engage an international organisation that will help investigating, tracing and the eventual recovery of such stolen assets.

This comes as there have been concerns that arrests alone on corrupt personalities are not enough as long as the assets are never recovered.

Although ZAAC Commissioner and spokesperson John Makamure could not give finer details of the international organisation and the terms and conditions of the agreement, he revealed this was one of the major initiatives being put in place to help the organisation fight corruption and being perpetrators to book. Herald

Mr John Makamure

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