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29 Jul 2013

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Rights and Accountability in Development

[PDF] Five lost years: how money from a US Hedge Fund and a British Mining Company kept Mugabe in power [Zimbabwe]

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In 2008, ZANU-PF’s Robert Mugabe retained the presidency of Zimbabwe after a campaign of horrific brutality against opposition supporters...RAID’s [Rights & Accountability in Development] investigations indicate that the violence was financed by money originating from OZ Management LP (an Och-Ziff subsidiary) and channelled to the Mugabe government via a 'loan'...by the Central African Mining and Exploration Company plc (CAMEC) [part of ENRC]...At the time...some of the largest US public pension funds...were invested in Och-Ziff...US public pension funds advocate investment principles that include the protection of human rights...

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