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Author Topic: Zimbabwe c.bank says raided private bank accounts  (Read 95 times)
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Misty-FiftyTopic starter
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« on: April 20, 2009, 04:47:39 pm »




HARARE, April 20 (Reuters) - Zimbabwe's central bank raided the private bank accounts of companies and donors to fund President Robert Mugabe's government during the economic crisis, according to a central bank statement made available on Monday.

Central Bank Governor Gideon Gono said the central bank took foreign currency from private accounts to help pay for some $2 billion in loans to state-owned companies and utilities and for power and grain imports.

He said the government still had to repay about $1.2 billion to the central bank, which would allow it to repay money it owes private accounts.

"Immediate reimbursement to the central bank ... will enable the Reserve Bank to also reimburse all corporate and NGO foreign currency account dues," the central bank said.

Gono, a close Mugabe ally, used the statement to defend his policies, which critics and the IMF say have fuelled hyperinflation and accelerated the country's economic slide.

Gono has come under pressure from Prime Minister Morgan Tsvangirai's Movement for Democratic Change (MDC) to resign since the former opposition party joined Mugabe in a unity government in February. Donors are also reportedly pressing for his ouster before providing funds to the new government.

Gono said the political crisis prompted him to take money from bank accounts.

"It was a political problem and not an economic one that drove us into the difficulties this nation experienced, and quasi-fiscal operations were a response to those political challenges we have now resolved through the inclusive government," the statement said.

 "Our call is to let bygones be bygones and for everyone and every entity to start anew and open a new page."

The country's gold miners say the central bank owes them over $30 million, while the Global Fund to fight AIDS, tuberculosis and malaria said last year that the bank had taken $7.3 million from its Zimbabwe account. It said the central bank later returned the funds.

Gono's statement also listed more than 1,000 vehicles the central bank had bought and distributed to various ministries, government departments and state enteprises.

Credit crunch is so bad women have started havin sex with their husbands cuz they cant afford the batteries.

              
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« Reply #1 on: April 21, 2009, 02:29:17 am »

I've analysed the report Gono issued in attempt to justify his looting of assets both public and private,to prop up a dictatorship and found that while its a huge cry for help Grin,its glaringly inadequate in the following ways:

- While he painstakingly listed all vehicles issued to Govt arms,he conveniently avoids listing the vehicles he issued to the Zanupf machinery,JOC,CIO and other obscure state arms that were used to violently quash dissent post-March 29.He cites 'bank confidentiality ethics'.For that oversight alone,he ought to be locked up for a long time!

- He now admits that the crisis was a political not economical one.All along he blamed sanctions ad nauseam.

Shame,the guy has now been instructed by Biti to recall all the vehicles he clandestinely issued to bribe MPs by the 20th April 2009. Grin ROTFL
« Last Edit: April 21, 2009, 02:43:42 am by (Hidden) »

Misty-FiftyTopic starter
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« Reply #2 on: April 21, 2009, 08:03:32 am »

Gono was a huge part of the zanu pf elite mafia who under orders from ''mugabe,em and the generals'' had to keep Zimbabwe ''looter available''......with Zim buggered they made a killing over and over again.....that is why today they keep stuffing up the GNU.....with out their ''looting addiction'' being fed these guys are jack sh*t.....they have and are nothing....

Gono was even more powerful than the Minister of Finance.....

Credit crunch is so bad women have started havin sex with their husbands cuz they cant afford the batteries.

              
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