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Global Witness Says Blood Diamond Money Stashed by Mugabe Loyalists
Feb. 15, 2012 01:32PM PST
Gem InvestingUSAToday reported Global Witness said mining officials loyal to the authoritarian president are stashing profits from Zimbabwe’s diamond fields.
USAToday reported Global Witness said mining officials loyal to the authoritarian president are stashing profits from Zimbabwe’s diamond fields.
As quoted in the market news:
Global Witness said in a report circulated Wednesday that its investigations show unspecified amounts of diamond earnings are being hidden in the tax-free havens of Mauritius, Hong Kong and the British Virgin Islands.
The mining executives include retired and serving police and military officers, the group said, raising fears the money could be used to finance violence and intimidation.
Click here to read the full USAToday report.
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