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Vol 49 No 24

Published 28th November 2008


Making money with Britain's help

Share transfers can provide a means to export foreign exchange from Zimbabwe, as long as you get permission

Reserve Bank Governor Gideon Gono and Harare businessman Mohammed I. Mohammed are using a British company to siphon tens of millions of US dollars out of Zimbabwe to buy fuel and for their personal profit. Governor Gono has helped Mohammed, who runs Remo Investment Brokers in Harare, to move millions of US dollars to Britain through Ravenscourt Corporation, which operates an account at Habib Bank in the City of London.Remo runs Ravenscourt Corporation in Zimbabwe: Africa Confidential was told the company is registered in London, but there are no records of its operations at Britain’s Companies House. Ravenscourt has won a lucrative permit to import fuel into Zimbabwe, alongside the state-owned National Oil Company of Zimbabwe (NOCZIM).

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