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CFU to sue Gono over US$20 million debt‏

Published: June 7, 2010

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CFU to sue Gono over US$20 million debt‏ thumbnail

Harare (ZimEye) – Reserve Bank of Zimbabwe Governor Gideon Gono looted US$20million from exports accounts of members of the Commercial Farmers Union which according to the CFU’s president Deon Theron, the farmers are now compiling banking details to facilitate a lawsuit against Gono.

Gono raided farmers’ accounts in 2007 and 2008 to fund mainly Zanu-PF projects.

“The process of getting that information from all that had funds looted is about to be complete, but from the few farmers who have come forward, we have established that the amount looted from their accounts is about US $ 20 million,” said Theron.

He said the farmers were forced to resort to legal action to recover funds from the RBZ, which is set to retrench over 3 000 workers.

Apart from the CFU members’ accounts, Gono also looted several companies and organisations.

None of the companies have recovered the stolen money.

Recently, companies have auctioned RBZ property to recover large amounts they are owed by the central bank. (ZimEye, Zimbabwe)


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6 Comments on "CFU to sue Gono over US$20 million debt‏"

  1. Guvnor on Mon, 7th Jun 2010 9:17 am 

    A case of misplaced hubris. He thought was the best thing to ever happen to the RBZ. From these happenings one can conclude that it is not a bright idea to put a gold ring in a ***’s nose.

  2. Hacha Ndizvo on Mon, 7th Jun 2010 11:35 am 

    No wonder someone was eager to include that infamous non-liability clause in the RBZ bill. But this is purely a criminal act so Gono should also be sued in his personal capacity

  3. komuredhi on Mon, 7th Jun 2010 1:07 pm 

    They should sue his skin off.

  4. bhangu on Mon, 7th Jun 2010 1:18 pm 

    maiti baccossi yaibvepiko?Nhasi ave mhandu imi makadyawo

  5. Mumu on Mon, 7th Jun 2010 1:19 pm 

    Musadaro Chiremba, chawasina kuba chii? Doctorate rakabiwa, bank rikabiwa ukuwo vaTrust, Royal naBarbican vangotaura zvekubiwa kwema bank avo. The question must actually be, “how many “doctors” are involved in the stealing?”

    To Morgan I say, in your new government put stops to this kind of stealing. You will be president in 2 years but usazosiye izvi zvichiitika. Gara zviya vave kunziwo Dr. Morgan Tsvangirai, Hameno vakomana voye

  6. Guvnor on Wed, 9th Jun 2010 10:48 am 

    This guy even had the guts to smile and pray while he was lying through his teeth to the entire country. He humiliated respectable business leaders and accused them of being unpatriotic. He fleeced the public through his reckless printing of paper currency. At some point in time he must be soundly punished for his excesses.

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