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Britain Imposes Targeted Sanctions on Zimbabwe Businessman Tagwirei, 4 Others Exploiting People
July 23, 2021
Gibbs Dube
FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul, Feb. 7, 2011.
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Britain’s Foreign Secretary Dominic Raab has announced new United Kingdom sanctions against five individuals, including a top Zimbabwean businessman, said to be involved in serious corruption in Equatorial Guinea, Zimbabwe, Venezuela and Iraq.
In a message posted on the department’s official website, Rabb said the U.K has imposed sanctions on Kudakwashe Regimond Tagwirei “for profiting from misappropriation of property when his company, Sakunda Holdings, redeemed Government of Zimbabwe Treasury Bills at up to ten times their official value. His actions accelerated the deflation of Zimbabwe’s currency, increasing the price of essentials, such as food, for Zimbabwean citizens.”
Updated: 23:25, 22 Jul 2021
A MICHAEL Jackson super-fan who spent £200,000 on the singer s white glove has had his assets frozen in a corruption crackdown.
Playboy billionaire Teodoro Obiang Mangue, the vice president of Equatorial Guinea, will also face a travel ban after Foreign Secretary Dominic Raab accused him of looting the west African country s coffers to fund a lavish lifestyle .
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Playboy billionaire Teodoro Obiang Mangue, the vice president of Equatorial Guinea has been accused of looting the west African country s coffersCredit: Refer to Caption
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Obiang Mangue spent £200,000 on Michael Jackson s white gloveCredit: Rota
Obiang, whose father has ruled the oil-rich nation since 1979, amassed a stable of supercars, a £73 million mansion in Paris and a £28 million private jet.