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Auditors Hired to Probe Zimbabwe State Enterprises Find Massive Corruption

Sources said millions of dollars are unaccounted for in state enterprises, most of which have operated without proper audits since 2005

Private auditors hired by the Zimbabwean government to probe state enterprises are said to have uncovered massive corruption in a number of the parastatals.

Sources said millions of dollars cannot be accounted for in some of the state companies, most of which have been operating without proper audits since 2005.

The sources said some top state enterprise managers have refused to provide financial information to auditors hired by the nation's comptroller and auditor-general.

Vice Chairman Masimba Kuchera of the Zimbabwe Coalition on Debt and Development said what the auditors have uncovered so far is just the tip of the iceberg.

“These financial irregularities in the state enterprises are not surprising since they have been run over the years by government appointees,” Kuchera said.

State Enterprises Minister Gorden Moyo could not be reached for comment.