Saturday, January 5, 2013

Zimbabwe Government Stealing Diamond Funds: Report | Essentials

Zimbabwe Government Stealing Diamond Funds: Report

Kimberley Diamond Mine
Kimberley Diamond Mine by The National Archives UK
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Excerpt:

A leading diamond trade watchdog fees that $ 2 billion well worth of diamonds have actually been taken from Zimbabwe's eastern diamond fields and have actually enriched President Robert Mugabe's ruling circle and international gem suppliers. Collaboration Africa Canada-- a member of the Kimberley Process, the world regulatory body on the diamond trade-- provided a report Monday that affirms Zimbabwe's Marange fields have actually been plundered by the Mugabe routine. The report stated vast earnings from Zimbabwe's eastern Marange fields -- one of the world 's greatest diamond deposits-- have actually not reached the state treasury. The PAC report, released Monday to correspond with the Zimbabwe government's conference on the diamond trade here in Victoria Falls, casts a shadow over the Mugabe routine 's effort to win international respectability for its gem trade.

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Robert Mugabe

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Organization: Zimbabwe government

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Country: Zimbabwe

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