Categories: Stories

Billion-dollar fraud suspect came holidaying to Zimbabwe

London-based banker Javier Martin-Artajo Rueda came to Zimbabwe on an extended holiday while the Federal Bureau of Investigations was looking for him in connection with a £4 billion fraud at JP Morgan banking group.

He was arrested this week after handing himself over to the police in Madrid, Spain.

Martin-Artajo is reported to have spent some time at the five-star Bumi Hills near Kariba with his British wife Sarah Berrow in March this year.

Despite its pariah status, Zimbabwe is a favourite holiday spot for the world’s richest.

Last year, the world’s richest man Bill Gates jetted in with his wife to spend some time at the Malilangwe resort in the Lowveld.

GoDaddy’s Bob Parsons is also a regular visitor who comes to the country on his annual hunts.

(80 VIEWS)

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Reserve Bank of Zimbabwe expects more foreign currency sellers to join the interbank market

The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…

December 4, 2024

Zimbabwe 2025 citizens’ budget

Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…

November 28, 2024

To go or not to go- Mnangagwa in a quandary

Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…

November 25, 2024

ZiG loses steam, falls against US dollar for five consecutive days

The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…

November 22, 2024

Indian think tank says Starlink is a wolf in sheep’s clothing

An Indian think tank has described Starlink, a satellite internet service provider which recently entered…

November 18, 2024

ZiG firms against US dollar for 10 days running but people still do not have confidence in the currency

Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…

November 16, 2024