Zim GBC News | Political Correspondent<\/p>\n\n\n\n
HARARE \u2013 Shocking details have emerged from a confidential document in which Vice-President Constantino Chiwenga accuses a group of prominent business moguls of siphoning over US$3.2 billion from state coffers and alleges that the ruling Zanu PF party owns a 45% stake in Kudakwashe Tagwirei\u2019s Sakunda Holdings.<\/p>\n\n\n\n
The damning allegations are contained in a secret report presented to President Emmerson Mnangagwa and the party\u2019s politburo on September 17.<\/p>\n\n\n\n
In the document, Chiwenga singles out multi-millionaire tycoon Kudakwashe Tagwirei, Wicknell Chivayo, and Pedzisayi \u2018Scott\u2019 Sakupwanya, among others, labeling them as \u201ccriminals\u201d who have engaged in a \u201cbrazen and systematic campaign of stealing from our government.\u201d<\/p>\n\n\n\n
He claims the funds were looted through various payments, including US$1.9 billion, US$800 million, US$238 million, and US$222 million.<\/p>\n\n\n\n
\u201cComrade President, these criminals and their associates have been engaged in a brazen and systematic campaign of stealing from our government and to date, they have stolen more than US$3.2 billion of government funds,\u201d Chiwenga states in the document.<\/p>\n\n\n\n
The VP questions the inaction in the face of such alleged grand corruption, stating, \u201cTingarambe takatarisa vanhu vachiba more than US$3.2 billion in cash from our state coffers while our people are suffering out there?\u201d<\/p>\n\n\n\n
He further lamented the impact on public services, citing shortages of mealie-meal and critical medicines in hospitals.<\/p>\n\n\n\n
Zanu PF’s Secret Shareholding Revealed<\/p>\n\n\n\n
In a stunning revelation, Chiwenga claims that 45% of Sakunda Holdings rightfully belongs to Zanu PF, held through a party investment vehicle called Mvuto Investments (Private) Limited, which is controlled by the National Reconstruction Group.<\/p>\n\n\n\n
This group was previously used to conceal a secret Zanu PF stake in Kusena Diamonds during the Chiadzwa diamond rush.<\/p>\n\n\n\n
Chiwenga accuses Tagwirei of \u201cstealing\u201d and \u201cconcealing\u201d this shareholding, lamenting that the party was not receiving any dividends or profits from its investment, but only donations from Tagwirei.<\/p>\n\n\n\n
\u201cThese criminals are not just enriching themselves; they are using their stolen wealth to capture our party, manipulate state institutions, and compromise key officials,\u201d Chiwenga warns. \u201cThey are creating a parallel power structure funded by the very state they are destroying. This cannot be tolerated for a single day longer.\u201d<\/p>\n\n\n\n
Sakunda’s Rise and Restructuring<\/p>\n\n\n\n
The public narrative has long held that Tagwirei is the founder and sole owner of Sakunda, which he started in 2001 with an initial capital of US$7,500, famously claiming he sold his house to buy two fuel tankers.<\/p>\n\n\n\n
The company grew into a conglomerate, dominating Zimbabwe\u2019s fuel sector, especially after a 2011 alliance with Swiss giant Trafigura gave it preferential access to the Beira oil pipeline.<\/p>\n\n\n\n
Sakunda was later controversially removed from the fuel business, a move allegedly linked to the 2019 fuel shortages and protests.<\/p>\n\n\n\n
Following the imposition of US sanctions on Tagwirei in 2020, he began a major restructuring of his empire. His vast mining interests were moved into Kuvimba Mining House, which was initially presented as majority state-owned.<\/p>\n\n\n\n
Analysts suggest Tagwirei\u2019s complex web of corporate structures, including the use of shell companies like Sotic International, is designed to obscure his continued involvement in business dealings.<\/p>\n\n\n\n
Tagwirei, who remains on US and UK sanctions lists, rarely comments on media reports.<\/p>\n\n\n\n
Follow us on social media for the latest updates:
\u00b7 X (Twitter): @ZimGbc
\u00b7Instagram: @ZimGBCNews
\u00b7TikTok: @ZimGBCNews_01
\u00b7Facebook: Zim GBC News
\u00b7YouTube: Zim GBC News<\/p>\n\n\n\n
Get real-time alerts on WhatsApp:
+263 773 820 323<\/p>\n\n\n\n
For in-depth coverage, visit our website: www.zimgbcnews.co.zw<\/p>\n\n\n\n
Zim GBC News | Global News From An African Perspective\u00a92025<\/p>\n","protected":false},"excerpt":{"rendered":"
Zim GBC News | Political Correspondent HARARE \u2013 Shocking details have emerged from a confidential document in which Vice-President Constantino Chiwenga accuses a group of prominent business moguls of siphoning… <\/p>\n","protected":false},"author":1,"featured_media":10231,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=\/wp\/v2\/posts\/10230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10230"}],"version-history":[{"count":1,"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=\/wp\/v2\/posts\/10230\/revisions"}],"predecessor-version":[{"id":10232,"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=\/wp\/v2\/posts\/10230\/revisions\/10232"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=\/wp\/v2\/media\/10231"}],"wp:attachment":[{"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10230"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/zimgbcnews.co.zw\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}