ZIMBABWE: Central bank looted university funds

by E Wayne Ross on May 3, 2009

World University News:

ZIMBABWE: Central bank looted university funds
03 May 2009
Issue: 0028

Zimbabwe’s central bank raided the foreign currency accounts of universities to prop up President Robert Mugabe’s government during a crippling economic and political crisis that saw inflation reach world record levels. A legislator has taken the looting of funds from the private Africa University to parliament through an upcoming question and answer session. Politicians said three other universities claimed donor money vanished from their accounts.