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                   VOA's Zimbabwe Service Partners With ICIJ

   by VOA News

   VOA's Zimbabwe Service is a [1]reporting partner with the International
   Consortium of Investigative Journalists, which released the so-called
   Panama Papers detailing alleged financial misconduct through the
   Mossack Fonseca law firm.

   VOA's original reporting focuses on Zimbabwe's leading platinum mining
   firm, Zimplats Holdings, and information in the leaked documents
   alleging that Zimplats used an offshore company to pay management
   salaries without the knowledge of the Reserve Bank of Zimbabwe and in
   violation of exchange control laws.

   In an exclusive interview with VOA's Studio7 program, Central Bank
   Governor John Mangudya said no Zimbabwean firm is authorized to operate
   offshore accounts to pay senior managers who are Zimbabweans or who are
   working in Zimbabwe.

   "Violation of exchange control rules and regulations is a punishable
   offense," he said.

   VOA reached the alleged shell company's accountant, Donna Summers, who
   offered "no comment."

   Mossack Fonseca's corporate liaison officer, Jordan Spencer, declined
   to reveal client information to third parties.

   Zimbabwe's former finance minister, Tendai Biti, called for an
   investigation into Zimplats managers who allegedly evaded paying taxes
   on work done in Zimbabwe.

   Mangudya said Zimbabwe last year lost more than $500 million in illicit
   financial flows.
     __________________________________________________________________

   [2]http://www.voanews.com/content/voa-zimbabwe-service-partners-with-ic
   ij/3269578.html

References

   1. https://panamapapers.icij.org/pages/reporting_partners/
   2. http://www.voanews.com/content/voa-zimbabwe-service-partners-with-icij/3269578.html