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Here is a list of reported corruption scandals in Zimbabwe since 1980: 1987 – Zisco Steel blast Furnace Scandal; 1987 – Air Zimbabwe Fokker Plane Scandal – $100 million; 1986 – National Railways Housing Scandal; 1988 – Willowgate Scandal; 1989 – ZRP Santana Scandal; 1994 – War Victims Compensation Scandal; 1995 – GMB Grain Scandal
Financial institution that went bust following the Keating Five scandal. Polly Peck: United Kingdom: 30 Oct 1990: Electronics, food, textiles: After a raid by the UK Serious Fraud Office in September 1990, the share price collapsed. The CEO Asil Nadir was convicted of stealing the company's money. Bank of Credit & Commerce International: United ...
Willowgate was a 1988–89 political scandal in Zimbabwe involving the illegal resale of automobile purchases by various government officials, uncovered by The Bulawayo Chronicle. The ensuing investigation resulted in the resignations of five members of President Robert Mugabe 's cabinet.
It offers banking and financial services to individuals and public. [1] It was formed as registered corporate after acquiring and renaming of Ndoro Micro-finance in 2022. [2] [3] [4] InnBucks MicroBank Limited is owned by a publicly traded company called Simbisa Brands and is part of Innscor Africa network of companies. [5] [6]
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Zimbabwe Women Microfinance Bank, state-owned; Infrastructure Development Bank of Zimbabwe (IDBZ), state-owned; Small and Medium Enterprises Development Corporation (SMEDCO), state-owned; AFC Land & Development Bank of Zimbabwe Ltd, state-owned
Bank fraud is the use of potentially illegal means to obtain money, assets, or other property owned or held by a financial institution, or to obtain money from depositors by fraudulently posing as a bank or other financial institution. [1] In many instances, bank fraud is a criminal offence.
Royal Bank was a small privately owned financial institution and financial services provider in Zimbabwe. As of June 2010, the shareholder's equity in the bank was estimated at US$12.5 million, the minimum capital requirement for a commercial bank in Zimbabwe. [3]