Indian businessman Ashok Jain tried to swindle the government of over US$100 million in a pie-in-the-sky deal, Reserve Bank of Zimbabwe documents in NewZimbabwe.com's possession have revealed.
"Please note that this project will employ more than 3,000 people directly and indirectly, and will improve the Gross Domestic Product of Zimbabwe," reads his letter dated November 1, 2021. He had agreed to inject US$97,850,000 over three years into the project with US$32,616,667 being personal funds, according to ZIDA's letter of approval.
Jain, who has ventured into gold and lithium mining, is also being accused of using a picture taken during a photo-op with President Emmerson Mnangagwa to intimidate locals.Gumbo recently came out to defend himself in local media following revelations Jain had once been arrested for smuggling in India.