Former First Lady Grace Mugabe reportedly launched the Empowerment Bank in October this year as a vehicle to facilitate laundering huge sums of money to be used in her bid for power.
According to a Zanu PF central committee report made tabled by new party leader President Emmerson Mnangagwa, Friday, the youth league said some $10 million had been put aside to fund G40's fight to control Zanu PF.
Grace fronted the G40 group and would have been appointed the party and State Vice President at the just ended extra-ordinary congress.
However, the plan was torpedoed by an audacious military intervention in November that forced former President Robert Mugabe to resign leaving the G40 faction in ruin."
It now emerges that the group had secured funding for its succession bid.
"Furthermore, the department (youth league) is concerned about the recently launched Empowerment Bank and the $10 million purportedly injected meant to fund youth projects. The youth league is not clear on how the money was supposed to be disbursed," the league said.
"We strongly feel the money was meant to oil the cabal machinery. The youth league is keen to know more about this project and how the same can be used to empower the youth."
At the launch of the Empowerment Bank, Grace, as had become the norm, lashed out at Mnangagwa, accusing the then Vice President of lying that he had been poisoned at a rally in Gwanda.
Mnangagwa was airlifted to South Africa after reportedly falling during the rally addressed by Mugabe. The then VP had reportedly ingested ice cream laced with poison. Grace in an angry rant described Mnangagwa as a "nobody" who benefited from Mugabe's generosity.