Home Africa News RBZ Governor Mangudya buys VIP cars for US$400 000 per vehicle

RBZ Governor Mangudya buys VIP cars for US$400 000 per vehicle

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RBZ Governor Mangudya buys VIP cars for US$400 000 per vehicle. A video that has gone viral on social media reveals that the Ministry of Finance and the Reserve Bank of Zimbabwe falsified reports that the two institutions purchased VIP vehicles for US$400 000 instead of the original price of about US$110 000.

The video shows one W. Chingwena of Croco Motors telling a parliamentary committee that his company supplied Landcruisers to the Zimbabwean government at about US$110 00 each. But the Reserve Bank and the Ministry of Finance told parliament that the cars were worth US$400 000 each.

Polical analyst Alex Magaisa said, “This is fraud of significant proportions. Current heads at the Finance Ministry might plead that they weren’t there when it happened, but they have a duty to account. Another one for ZACC.”

Watch the video clip below

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