Zimbabwe News and Internet Radio

Georgias dismisses links with under fire HSBC

By Blessing Zulu and Sandra Nyaira

Former senator and Economic Development Deputy Minister, Aguy Clemant Georgias, has scoffed at reports that he had an account with the under fire HSBC bank.

The late Air-Marshal Josiah Tungamirai and former Zanu PF senator, Aguy Clement Georgias, who owns Trinity Engineering
The late Air-Marshal Josiah Tungamirai and former Zanu PF senator, Aguy Clement Georgias, who owns Trinity Engineering were on the list of people who had HSBC accounts

Information released from the bank indicates that Georgias’s account was eventually closed and at the time the bank data was obtained it had a zero balance.

Georgias, who owns Trinity Engineering and Georgiadis Trucking, was added to the European sanctions list in April 2007 after he was appointed deputy minister. He was removed from the sanctions list in February 2011.

He is among a list of198 people with Zimbabwean roots, who had accounts with the bank, that is being accused of promoting money laundering.

Meanwhile, economist Christopher Mugaga with South African research house, Econometer Global Capital, said President Robert Mugabe should move with speed and act on the revelations that some senior government and Zanu PF politicians, including white farmers, were working with the British HSBC bank to hide assets and avoid paying tax as they siphoned money out of the country into offshore accounts.

Source: VOA