Harare - President Robert Mugabe on Tuesday said bank
executives and shareholders who abuse depositors’ funds should be jailed for
such criminal actions.
“If you do that then you deserve to go to jail (because)
they are not your funds so don’t cheat or steal,” Mugabe said at the ongoing
inaugural two-day Economic Empowerment conference which ends on Wednesday.
He added that fly by night businessman were mostly
responsible for such unlawful activities.
“Some of our people think they can get rich in a week or two
and if they don’t then it doesn’t matter what other means they use to get
money,” Mugabe said.
Mugabe's remarks were in reference to Interfin Banking
Corporation which had a capital deficit of more than US$100m at the time of its
In 2012 Patterson Timba's Renaissance Merchant Bank was put
under curatorship after it was found guilty of abusing millions of depositors
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