Zimbabwe faces another money scandal with a company called Gaingrid Investments. This firm has links to gold dealer Scott Sakupwanya, who serves as a Zanu PF lawmaker. The government paid them almost 100 million US dollars through what insiders call a corrupt gold program. Treasury head George Guvamatanga approved these payments despite serious questions about the deal. Documents show the original 60 million dollar agreement grew much larger without clear reasons.
The company was hired to buy gold for the government, but received extra money as incentives. War veterans leader Blessed Geza says Sakupwanya connects directly to President Mnangagwa. Nobody knows who exactly runs Gaingrid because the company records hide this information. Finance officials still owe 36 million dollars, with 6 million due very soon. Legal experts say these payments break public finance laws because only the minister can approve such deals.
This follows another recent case where Guvamatanga approved 20 million dollars for the Valley Seeds company. Former Finance Minister Tendai Biti called these deals a massive theft of public funds. Leaders cannot be reached for comment about these claims. These problems make people angry as they struggle with inflation during the economic crisis. Many citizens lose trust in their government because of such large-scale corruption stories.
The company was hired to buy gold for the government, but received extra money as incentives. War veterans leader Blessed Geza says Sakupwanya connects directly to President Mnangagwa. Nobody knows who exactly runs Gaingrid because the company records hide this information. Finance officials still owe 36 million dollars, with 6 million due very soon. Legal experts say these payments break public finance laws because only the minister can approve such deals.
This follows another recent case where Guvamatanga approved 20 million dollars for the Valley Seeds company. Former Finance Minister Tendai Biti called these deals a massive theft of public funds. Leaders cannot be reached for comment about these claims. These problems make people angry as they struggle with inflation during the economic crisis. Many citizens lose trust in their government because of such large-scale corruption stories.
