FROM A
DIFFERENT ANGLE by Kenneth Rijock
Financial Crime Consultant, for World-Check
OFAC zeroes in on Zimbabwean PEPs and controlled entities
31 January 2008

The Office of Foreign Assets Control, OFAC, has designated prominent leaders and associated corporate entities in the Republic of Zimbabwe, whose oppressive regime has been accused of human rights violations. The country is presently submerged in an economic and food crisis, and an AIDS/HIV epidemic. The US government alleges that there is state-sponsored undermining of democracy and democratic institutions through violence and intimidation.

Named by OFAC as SDNs:

  • Leo Mugabe, [UID 54186] a/k/a CDE Mugabe, nephew of Zimbabwe's President, Robert Mugabe, and a member of the Zimbabwean Parliament. He has been reported as having benefitted from corrupt activities, dating from 1997 to the present.
  • Happyton Mabhuya Bonyongwe,[UID 215115] Director General of the country's Central Intelligence Organisation [CIO].
  • ZIDCO holdings [UID 54117], a/k/a ZIDCO Holdings Pvt Ltd.,  a ZANU-PF holding company, controlled by elements of the Mugabe regime that have been previously designated by OFAC.
  • Jongwe Printing and Publishing Company [UID  54152], also controlled by Mugabe regime members who have been previously designated by OFAC.

For further research:
http://www.ustreas.gov/offices/enforcement/ofac/actions/20080130.shtml


The facts and opinions stated in this article are those of the author and not those of World-Check. World-Check does not warrant the accuracy of any facts and opinions stated in this article, does not endorse them, and accepts no responsibility for them.

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