Nestle has remained silent on reports that the Zimbabwe government has launched an investigation into the Swiss food giant’s financial dealings in the country.
According to a report in the Dominion Post, the Zimbabwe authorities indicated that they have identified two possible “irregular” transactions and frozen Nestle’s accounts while an investigation takes place.
A spokesperson for the company told just-food that the group was unable to comment on whether the Zimbabwe government had launched a probe into its activities. However, the spokesperson emphasised that its accounts in Zimbabwe had not been frozen.
“The main point is, however, that Nestle Zimbawe’s accounts are not frozen,” the spokesperson said.
The purported investigation follows Nestle’s recent move to stop sourcing milk from a farm owned by the wife of President Robert Mugabe.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe company said that it would stop purchasing milk from Gushungo Dairy Estate, a property owned by Grace Mugabe, after UK media coverage claimed that the 12,000-acre estate was bought from its previous white owner for a knock-down price.
Facing calls for a global consumer boycott, Nestle said that it would find alternative milk supplies. “This announcement reflects our long-term commitment to Zimbabwe while acknowledging the specific circumstances around these events,” a spokesperson for the company said.