A banking leader from Zimbabwe stands at the heart of a nearly R2 billion election scandal. Raymond Chigogwana runs Access Finance Group in Harare and Access Forex Limited in Johannesburg. He helped businessman Wicknell Chivayo move R800 million between banks after a deal that South African tax officials are checking out.
A South African Financial Intelligence Centre report says money went through many banks fast, showing signs of hiding its source. Zimbabwe Anti-Corruption Commission head Michael Reza told reporters they have papers to show three men about the case. The group also talked to Mike Chimombe and Moses Mpofu, who used to work with Chivayo before they split up.
Most cash movement occurred between Zimbabwe and South Africa. Chigogwana, who has worked in banking for almost 30 years, received about R60 million from Chivayo through two companies. His businesses helped move money from one form to another.
The Zimbabwe government paid R1.2 billion to Ren-Form CCC for election papers. Ren-Form sent R800 million to Chivayo, their deal helper. Chivayo bought fancy cars and homes in several countries with some of the cash.
A South African Financial Intelligence Centre report says money went through many banks fast, showing signs of hiding its source. Zimbabwe Anti-Corruption Commission head Michael Reza told reporters they have papers to show three men about the case. The group also talked to Mike Chimombe and Moses Mpofu, who used to work with Chivayo before they split up.
Most cash movement occurred between Zimbabwe and South Africa. Chigogwana, who has worked in banking for almost 30 years, received about R60 million from Chivayo through two companies. His businesses helped move money from one form to another.
The Zimbabwe government paid R1.2 billion to Ren-Form CCC for election papers. Ren-Form sent R800 million to Chivayo, their deal helper. Chivayo bought fancy cars and homes in several countries with some of the cash.
