Who controls revenues from Marange diamonds?
A case study of Mbada and Anjin companies by Global Witness.
This paper reveals the control exercised by the Zimbabwe security sector over Anjin and the transfer of 25% of Mbada, a valuable diamond mining company, to a firm based in series of tax havens and secrecy jurisdictions with unidentified beneficial owners. The secrecy surrounding the real owners of Mbada has a number of potential consequences, including a possible loss of tax revenues, and the potential opportunity for officials or military figures to personally benefit from a state asset. The partial control of Anjin by the military and police creates opportunities for off budget funding of an unreformed and partisan security sector.
You can read the case study on the Kubatana web site