‘Explosive dossier exposes Chiadzwa gems tax sleaze’ 17 September 2021

A whistleblower has submitted an explosive dossier to the Zimbabwe revenue Authority (Zimra) providing insight into how diamond mining firms in the Chiadzwa diamond fields in Manicaland, evaded tax obligations, prejudicing the state of jawdropping sums of money running into millions of United states dollars, the Zimbabwe Independent reported. The plunder of diamond proceeds has been acknowledged at the highest level, with the late former president Robert Mugabe in 2015 making startling disclosures that the crisis-ridden country lost Us$15 billion as a result of the opaque operations of the diamond mining firms due to understating earnings and output margins.
However, Mugabe's claims remain unproved.

…A fresh investigations by the Independent reveals that the dossier, which has become a subject of scrutiny by Zimra, contains a trove of financial documents which were seized by the police in 2014 from former trinesec security owner Alex Mundiya casting light on the status of accounts run by Anjin, Marange resources and DMC at BancAbC. Marange resources and DMC are now defunct.
Mundiya, a former police officer, had stumbled upon the damning financial documents which, as his testimony in court showed, revealed the liquidity status of the diamond firms and how they could have systematically circumvented tax obligations…Investigations by this publication indicate that when Mundiya was arrested, the damning documents in his possession showing the alleged tax misconduct by the diamond firms, were submitted to Zimra, which over years has been a subject of scrutiny by the taxman. Zimra, though it could not disclose the nature of information contained in the dossier as investigations unfold, confirmed that it had received the information from a whistleblower, who stands to pocket 10% of what would be recovered if the tax evasion charges are authenticated.

…"Mundiya, on the day of his arrest, had fixed a meeting with Matemera which he wanted to use as an opportunity to organise a contract for his security consultancy firm. He wanted to tip the former BancABC executive that something was not right with their system. He wanted to assist the bank with an investigation. Sadly, he was arrested on charges of attempting to extort money from BancABC," a source with intimate details of the matter revealed. Police spokesperson Assistant Commissioner Paul Nyathi said: "I have asked our CID to check on it. So currently I can't confirm or deny. I am waiting for the guys to give us a response." BancABC executive Lance Mambondiani was also not available for comment. Amid allegations of rampant pillaging of the country's vast mineral resources, particularly diamonds, chrome and gold, Zimra has revealed that Zimbabwe loses an estimated US$5 billion annually to illicit financial flows.