Auditor-General Mrs Mildred Chiri has invoked her powers in terms of the Constitution to direct forensic audits to be conducted on three diamond firms that were resisting financial examination as efforts to establish the potential loss estimated to be $15 billion intensify. Mbada, Anjin Investments and Jinan had been resisting to have their books of accounts audited by the AG following Government’s decision to consolidate all the seven mining firms into one after their licences expired.
The three companies have since approached the courts challenging the decision to have them consolidated in addition to their decision to reject an audit to establish if there was financial malfeasance during their tenure at Marange, Manicaland Province.
Marange Resources, Diamond Mining Corporation Gye Nyame and Kusena have already been incorporated into the Zimbabwe Consolidated Mining Company, while DTZ that was at Chimanimani, has been exempted from the consolidation since Government did not have direct interest.
- The Herald