Ex-Finance minister acquitted of externalisation charges
FORMER Finance Minister Christopher Kuruneri was last week acquitted by a High Court Judge on charges of violating the country's exchange control regulations, putting to an end the more than three years old legal battle.
Kuruneri became the first senior official in President Robert Mugabe's cabinet to be caught up since the government launched a clampdown on corruption, money laundering and illegal foreign currency dealing when he was arrested on 24 April 2004, for externalising funds.
High Court Judge Justice Susan Mavangira handed down her judgment on Friday declaring Kuruneri a free man on seven counts of exeternalising funds.
Kuruneri's lawyer Jonathan Samkange yesterday told The Standard his client had been cleared of externalisation charges and the only charge still pending against Kuruneri was that of dual citizenship, which is illegal in Zimbabwe.
“Yes indeed, he was acquitted yesterday. Justice has been done. He is now not facing any charges except the one on dual citizenship, which is a minor charge,” said Samkange.
He said the dual citizenship charge is also almost through as it now left with the mitigation procedure before sentence. “I believe he is going to be given a wholly suspended sentence considering that he stayed close to 17 months and remand prison and 2 years under house arrest,” he added.
The former minister was facing seven counts of breaching the country's exchange control laws by transferring US$500 000, 37 000 British Pounds, 30 000 Euros and R1,2 million to buy and renovate properties in South Africa's Cape Town.
Kuruneri however maintained that what he did was above the law because he earned the money he used to buy the properties from consultancy work for Mobile Systems International and Felipe Solano.
During his trial Kuruneri denied any charges of smuggling foreign currency to South Africa on various occasions between March 2002 and March 2004. His defence argued that the house in Cape Town was bought by a South African company, Choice Decisions, of which Kuruneri was a director.
Again, Kuruneri argued that Reserve Bank governor Gideon Gono had allegedly personally sanctioned the transactions during his tenure as chief executive of the Commercial Bank of Zimbabwe (CBZ).
Evidence was led in court that Gono personally facilitated the deals which saw Kuruneri buy the properties.
The Supreme Court finally granted Kuruneri bail on appeal in July 2005 after he spent 16 months in remand prison. Bail was however, granted on strict movement conditions after attempts, until then, to be granted bail had failed in the lower courts.
Supreme Court Chief Justice Godfrey Chidyausiku granted Kuruneri bail of Z$50 million and ordered him to surrender the title deeds to all his South African properties. Kuruneri was also to repatriate R1.3 million from his bank accounts in South Africa and remain under house arrest until Friday afternoon.