Zimbabwe: Massive Looting At the Reserve Bank Unearthed

Board members at the Reserve Bank of Zimbabwe (RBZ) are allegedly taking home as much as US$2,000 a month in allowances, while ordinary workers receive a paltry US$150 a month. The Daily News reports that because of this key staff members are resigning and others are applying en-masse to be retrenched.

The newspaper says that so serious are the problems Finance Minister Tendai Biti summoned the board members to his office for an explanation of both the looting allegations and the mass resignations by senior employees. Workers now want the government to intervene and stop the pillaging of the central bank.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.