A new report by a United States investigative group The Sentry, titled Shadows and Shell Games: Uncovering an Offshore Business Empire in Zimbabwe,reveals key details of Zimbabwean tycoon Kudakwashe Tagwirei's business empire, structures and practices.
thesentry.org/reports/shadow…
The Sentry reveals hidden business secrets of Tagwirei, who is also President Emmerson Mnangagwa’s advisor, with ties to South Africa, Mauritius, and the Cayman Islands where businesses hide their wealth and receive privileges.
The Sentry's investigation say that Tagwirei, who has been followed by allegations of corruption and cronyism for years, has been using complex corporate structures and seemingly preferential government treatment to build his business empire and enormous wealth.
The tycoon now presides over a sprawling network of more than
40 companies spanning the fuel, mining, banking, transportation, logistics and import/export sectors.
The report details how Tagwirei has effectively concealed his control over this empire through an elaborate foreign network, hiding his wealth and ownership through offshore financial structures.
The NewsHawks is still studying the report and will properly unpack it once it has finished the process.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with TheNewsHawks

TheNewsHawks Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @NewsHawksLive

30 Jun
Former South African president Jacob Zuma's supporters were out in full force today in reaction to his 15-month jail sentence yesterday for contempt of court.
While some say the judgement asserted constitutionalism and the rule of law, others say it proved Zuma's persecution.
Most of Zuma's the supporters were wearing T-shirts emblazoned "Wenzeni uZuma?" (Zulu for what has Zuma done?).
Zulu's supporters claim that he is being victimised for representing black people in their resistance to white monopoly capital and racial domination in South Africa.
However, that conspiracy theory and perception have not been tested and substantiated with facts and evidence to prove that Zuma is a victim of white monopoly capital and its allies within the governing ANC, business and civil society.
Read 5 tweets
29 Jun
A Zimbabwean lawyer based in South Africa Advocate Simba Chitando says former South African president Jacob Zuma's conviction for contempt of court is unconstitutional and illegal.
"He was found guilty... No trial, no cross examination of evidence, no mitigation of sentencing."
"In terms of Constitutional Law and criminal procedure, everyone is entitled to a fair trial, this means before being found guilty or innocent of a crime, the prosecutor has to set out a charge, which the accused pleads to," Chitando says.
"After pleadings, there is a trial. Where there is an opening statement, calling of witnesses, an opportunity to cross examine the witnesses who say you have committed a crime, and an opportunity to call your own witnesses. Then closing arguments.
Read 23 tweets
29 Jun
The ongoing seizures of land from indigenous black Zimbabweans by government and companies across the country is further tainting an otherwise "glorious revolution" in the form of land reform that was a necessity, but then mishandled by a greedy and corrupt political elite.
The land grievance in Zimbabwe dates back to the 1890s when British imperialist Cecil John Rhodes' Pioneer Column invaded the country from South Africa via Botswana.
The Anglo-Ndebele War of 1893 and then the First Chimurenga/Umvukela in 1896 were about land and dispossession.
The liberation struggle of the 1960s and 1970s which culminated in Independence from Britain in 1980 were about land and attendant dispossession, among other rights and issues, including freedom, human rights and democracy.
Read 6 tweets
28 Jun
Former Zimbabwe and Dynamos coach Sunday Mhofu Chidzambwa (formerly Marimo) bids farewell to his football great young brother Misheck "Scania" who died last week.
The Marimo brothers are a huge household name in Zimbabwean football, like the Chunga brothers, or Ndlovu brothers.
The Marimo and Chunga brothers played in one Dynamos team in the early 1980s.
Just like the hugely famous Ndlovu brothers - Madinda, Adam and Peter Ndlovu, or Wilfred and William Mugeyi.
Indeed, many others like Claudius Zviripayi and Vitalis Takawira, or Cain and Abel Muteji.
The Marimo and Chunga brothers played in one Dynamos team in the 1980s - they contributed a lot to Dembare sucess and Zimbabwean football.
Read 4 tweets
28 Jun
Duduzane Zuma, son of former President Jacob Zuma, was in KwaZulu-Natal this weekend where he met leaders of the ANC's ward 11 branch and made donations. Duduzane wants to be branch chair and is gunning to challenge SA President Cyril Ramaphosa at the ANC conference next year.
Former South African president Zuma tried to stop Ramaphosa by fielding his former wife Nkosazana Dlamini-Zuma, but failed at Nasrec.
Now he is supporting his son, Duduzane, to challenge the SA President in next year's ruling party leadership election conference.
Although Zuma remains popular in the ANC and his faction fronted by suspended secretary-general is fighting to retain the leadership, fielding his son, with no political experience at all, to challenge Ramaphosa maybe a bridge too far. Political stakes are too high and defining.
Read 4 tweets
15 Jun
#ArmedRobberyCrisis
As cases of armed robbery increase, an alarms reaction team from Fawcett Security in Bulawayo was attacked by five or more armed robbers in the city's industrial sites last night. The criminals had broken into the premises and were preparing to blow up a safe.
Two Fawcett staff were injured, though not seriously. One was shot in the head, apparently with an AK47, although the bullet grazed the skull but the injury is not life threatening. Private security companies in Bulawayo expect the armed robbery menace to worsen.
Meanwhile, on 2 June a gang of six armed robbers overpowered Fawcett Security staff at Checheche in Chisumbanje, forced them to open the safes at gunpoint and got away with "substantial sums of cash". The criminals are still on the loose.
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(