Junior police officers were allegedly duped of over US$4 million by their bosses in an opaque housing scheme financed by CABS, a report claims.
The Zimbabwe Republic Police was allocated land in Hatcliff in Harare by the Ministry of Local Government for the development of a title-holding individual home ownership scheme for police officers.
However, out of 900 housing stands that were developed, only two showhouses have been constructed since 2011.
The affected junior officers have engaged lawyers to compel the ZRP to give them stands but were told by their bosses to claim refunds in RTGS Dollars.
A police officer affected botched deal, who spoke to the Zimbabwe Independent had this to say:
The problem is we are now getting refunds in bond notes. We won’t be able to buy anything with the money. They are no longer communicating with us and the same response we have been getting since 2011 that a letter was sent to the commissioner on the status of the project is the same answer we are getting eight years down the line.
Obviously, something is not right and the fact that they now want to refund our money is suspicious as they may now want to resell the stands since the money has lost value.