TEBOGO TSHWANE|
It started with a marriage settlement. In 2013, one of Zimbabwe’s richest men and arguably one of the most controversial business figures in Southern Africa, Muller Conrad “Billy” Rautenbach, donated multimillion-dollar financial investments in his coal and ethanol businesses to his wife.
Key take-aways
• Leaked documents show how an Asian specialist firm helped Zimbabwean businessman and Zanu-PF ally Billy Rautenbach and his family create a complex offshore trust fund while he was still under sanctions.
• The process was pursued under the banner of a marriage settlement and now places the ultimate ownership of the funds in the Cook Islands.
• Rautenbach has featured in previous offshore finance leaks but this is the most detailed account yet of the mining and fuel magnate’s family empire.
This restructuring was explained by the need to “compensate” her for her role in building the family’s wealth.
It would kick off
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