Zimbabwe

Zimbabwean police have launched an investigation into Finance Minister Tendai Biti's alleged involvement in the disappearance of US$20mn from a local bank which recently closed due to a liquidity crisis. The money, which was part of a 2009 emergency IMF facility, was transferred to Interfin Bank which was then meant to administer its allocation to agriculture and infrastructure projects. Biti told a local newspaper that the money was missing but that his involvement with it had ceased after he had overseen the transfer to Interfin. A vocal critic of President Robert Mugabe's ZANU-PF party, Biti has faced charges of treason

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