- Authority
- US Department of the Treasury, OFAC
- Instrument
- SDN List; designated under Executive Order 13469 (Zimbabwe) [ZIMBABWE]; re-tagged under Executive Order 13818 (Global Magnitsky) [GLOMAG] on 4 March 2024
- Listed
- 2020-08-05
- Scope
- Blocking of property and interests in property within US jurisdiction; Sakunda Holdings also designated
- Notes
- OFAC said in 2020 that he used relationships with senior officials to win state contracts and favoured access to foreign currency. When the Zimbabwe programme was terminated on 4 March 2024, OFAC changed his existing entry's tag from ZIMBABWE to GLOMAG (a modification, not a delisting) and stated he 'has provided high-value gifts to senior members of the Government of Zimbabwe to gain access to resources'.
[1, 2, 3]
- Authority
- FCDO / HM Treasury OFSI
- Instrument
- Global Anti-Corruption sanctions regime
- Listed
- 2021-07-22
- Scope
- Asset freeze and travel ban; asset freeze extends to entities he owns or controls, including Sakunda Holdings
- Notes
- The UK government stated he profited from misappropriation of property, saying Sakunda Holdings redeemed Treasury Bills at up to ten times their official value. Current UK list entry not individually re-checked (list file not machine-readable); no delisting reported in sources read.
[4]
Sources
- Treasury Sanctions Corrupt Zimbabwean BusinessmanUS Department of the Treasury, 2020-08-05, primary source
- Treasury Sanctions Zimbabwe's President and Key Actors for Corruption and Serious Human Rights AbuseUS Department of the Treasury, 2024-03-04, primary source
- OFAC Recent Actions: Termination of Zimbabwe Sanctions Program; Global Magnitsky Designations (4 March 2024)US Treasury OFAC, 2024-03-04, primary source
- New UK sanctions against individuals involved in corruption around the worldUK Government (gov.uk), 2021-07-22, primary source
Change history
- 2026-10-26 Record published.
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