- A deputy finance minister in Zimbabwe, Terrence Mukupe, cites an article to prove that the scourge of corruption would benefit the country
- He says legislation is limited to address the issue of corruption
- Police seize cash, 284 boxes of designer bags from former Malaysian PM
A deputy finance minister in Zimbabwe, Terrence Mukupe, has argued that corruption could be positive for the country.
New Zimbabwe reports that Mukupe made the statement when speaking at a round-table discussion in Harare on Tuesday, May 15.
The minister cited an article he had read to prove that the scourge of corruption would benefit the country.
He said: “I read an article to the effect that corruption can be also positive for the country. After going through that article I can actually give you some life lessons I had. I remember when I was advisor to ESSAR (An Indian company that wanted to invest in Ziscosteel) and ESSAR wanted to come into Zimbabwe, someone approached me and said the fundamental mistake you are making with ESSAR is that you don’t have a local partner.
“Make sure that you have a local partner if your things are going to work well. And I remember the Indian investor said to me; but government is my partner and I would like to believe that everything would work well.
“And the response that this guy made was that government is not a person and it does not eat, it does not breath, it is not motivated to make the transaction work well. So by you giving away part of your transaction to someone else, that person is going to make sure that they wake up every day because they are motivated to make sure that the transaction works. So that is a case of positive corruption."
Mukupe said at one point a minister in former President Robert Mugabe’s cabinet, who was accused of massive corruption, turned out to be the one who contributed more than any other to the national fiscus.
He said corruption was deep-rooted in the society and that legislation was limited to address the issue of corruption.
In other news, the Malaysian police have seized boxes of luxury items and handbag full of foreign currencies from building linked to the country's former prime minister, Najib Razak.
BBC reports that the items were seized after a raid on Najib's property in Kuala Lumpur, Malaysia's capital city following investigations into the corruption claims on misappropriation of state funds.
It was gathered that billions of dollar were unaccounted for from state development fund, IMDB set up by Razak who was alleged to have diverted $700 million for his personal use
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