Breaking: Tagwirei slapped with more Sanctions- Spot News ZW

Zimbabwe Businessman and close associate of President Emmerson Mnangagwa has been put on UK sanctions the Foreign Secretary Dominic Raab confirmed earlier today.

United Kingdom Foreign Secretary Dominic Raab today announced new sanctions against five key individuals involved in “serious corruption” in Equatorial Guinea, Venezuela, Iraq and Zimbabwe.

The measures target cases of grand scale corruption ruining developing nations.

In Zimbabwe, the UK said its measures were targeted to 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.”

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