Finance Minister Tendai Biti has taken a bold decision to investigate the diamond revenue from Marange. Reports yet to be confirmed say that the country may have lost as much as $300 million from the sale of diamonds from Marange. This is revenue the country badly needs especially in view of the low salaries for civil servants and the shortage of fuel.
If Biti is serious about accounting for revenue from diamonds to beef up his coffers which we understand are virtually dry, then we believe that he must widen his investigation. The Insider has been investigating diamond smuggling since 2007 and there is enough evidence to kick off from which clearly indicates that a lot more revenue may have been lost through systematic diamond smuggling that seems to have had the blessing of the international community from a well –established mine, River Ranch.
If these investigations are done in earnest they could even rope in Murowa. The paper work is there and the Reserve Bank of Zimbabwe which is under Biti has enough documentary evidence to kick-start the investigation.
There has been too much focus on Marange to the exclusion of other mines, River Ranch and Murowa. Yes, Marange is potential the richest diamond deposit in the world, so everyone must pay attention to it. But Biti needs to dig deep into what was happening at River Ranch, and even Murowa, because there are a number of unanswered questions and things that do not add up
Some of the questions about River Ranch are:
These questions could do for a start because they will inevitably lead to other questions. Besides, the United Nations Development Programme carried out a special six-month investigation in 2008 and has a report which it refuses to make public. Biti could perhaps get it and find all the answers he needs.
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