Carte Blanche with Perry
Carte Blanche with Perry
Perry Munzwembiri
Financial scandals that shook Zimbabwe: ENG Capital (Part 2)
23 minutes Posted Apr 20, 2020 at 7:40 pm.
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In 2010, a high court judge ruled that ENG Capital had satisfactorily settled all its past, present and future claims. ENG Capital’s excess assets were returned, and its Director, Gilbert Muponda was de-specified. He later returned to Zimbabwe from exile in Canada in 2011. After years of being vilified and hounded, for what was seen as one of Zimbabwe’s biggest ever financial scandals, the Directors of ENG Capital still maintain their innocence. None of the directors was ever convicted for the ZW$61 billion fraud allegations they were charged with. They claim they that theirs was just an unlucky case of political victimisation. This episode tells the story of the ENG Capital scandal from the perspective of Gilbert Muponda and Nyasha Watyoka.