The Zimbabwe government faces a huge scandal about illegal gold payments. Letters show how almost $100 million was paid to Gaingrid Investments, a company with ties to a Zanu PF gold dealer close to President Mnangagwa. Treasury official George Guvamatanga allegedly mismanaged public money through this shady deal. The secret arrangement came after the government hired Gaingrid to purchase gold for national reserves.
War veterans leader Blessed Geza states Gaingrid connects to MP Scott Sakupwanya, who has strong links to the president. Nobody knows who actually runs this mystery company, despite clear payment records existing. The company received a massive contract to buy gold from miners across Zimbabwe. They earned a 5% reward from the Finance Ministry for gold delivered to Fidelity Printers.
Guvamatanga claimed the government owed Gaingrid $60 million, requiring immediate payment. A strange repayment plan from September last year shows monthly $8 million payments for a year, totaling $96 million. This amount far exceeds the original debt. The government tried settling the $60 million debt through Ecobank treasury bills, but ended up paying much more money to unknown recipients.
War veterans leader Blessed Geza states Gaingrid connects to MP Scott Sakupwanya, who has strong links to the president. Nobody knows who actually runs this mystery company, despite clear payment records existing. The company received a massive contract to buy gold from miners across Zimbabwe. They earned a 5% reward from the Finance Ministry for gold delivered to Fidelity Printers.
Guvamatanga claimed the government owed Gaingrid $60 million, requiring immediate payment. A strange repayment plan from September last year shows monthly $8 million payments for a year, totaling $96 million. This amount far exceeds the original debt. The government tried settling the $60 million debt through Ecobank treasury bills, but ended up paying much more money to unknown recipients.
