…removes the late Bredenkamp

The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has placed sanctions on Sakunda Holdings boss Kudakwashe Tagwirei, saying he is closely linked to the Government of Zimbabwe.

“Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Kudakwashe Regimond Tagwirei (Tagwirei) for providing support to the leadership of the Government of Zimbabwe, as well as Sakunda Holdings for being owned or controlled by Tagwirei,” said OFAC in a statement.

Tagwirei is the chief executive officer and founding director of Zimbabwe-based Sakunda Holdings.

The US already has sanctions on the country.

“Tagwirei and other Zimbabwean elites have derailed economic development and harmed the Zimbabwean people through corruption,” said Deputy Secretary Justin G. Muzinich.

“The United States supports the economic well-being of the Zimbabwean people and will target repressive and corrupt acts and graft by Zimbabwean politicians and their financiers.”

Meanwhile has OFAC removed sanctions on the recently-deceased John Bredenkamp (Bredenkamp) and 20 companies owned or controlled by Bredenkamp: Alpha International (Private) Ltd., Breco (Asia Pacific) Ltd., Breco (Eastern Europe) Ltd., Breco (South Africa) Ltd., Breco (U.K.) Ltd., Breco Group, Breco International, Breco Nominees Ltd., Breco Services Ltd., Corybantes Ltd., Echo Delta Holdings Ltd., Kababankola Mining Company, Masters International Ltd., Masters International, Inc., Piedmont (UK) Limited, Raceview Enterprises, Scottlee Holdings (Pvt) Ltd., Scottlee Resorts, Timpani Ltd., and Tremalt Ltd.

Bredenkamp and these entities were previously designated under E.O. 13469 in 2008.