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1 Jun 2014

Rights and Accountability in Development report re Och-Ziff & Zimbabwe

In April 2014, Rights and Accountability in Development published a report, "Och-Ziff, Mugabe’s ‘Bagmen’ and the underpricing of African assets". The report raises concerns that transactions involving companies with assets in Zimbabwe and other African countries by Och-Ziff Capital Management, Palladino Holdings and other financial firms, may have violated US and UK laws, including sanctions on Zimbabwe Government officials put in place over human rights concerns in Zimbabwe, and anti-corruption laws. Business & Human Rights Resource Centre invited Och-Ziff and Palladino to respond: Och-Ziff did not respond. Palladino Holdings response [provided]. [full report also refers to Central African Mining and Exploration Company (CAMEC, now part of ENRC), Africa Oilfield Logistics, Africa Management Limited, Mvelaphanda Holdings, Camrose Resources (now part of ENRC), Fleurette Group, Foxwhelp (part of Fleurette), Caprikat (part of Fleurette), Vipar Investments]

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