August 23, 2014

The Hedge Fund and the Despot

Simpson & Westbrook, Bloomberg Businessweek

The Associated Press

In March 2008, McGee met secretly with a member of the political machine of Robert Mugabe, the president of Zimbabwe and Africa’s most notorious living despot. In 1979, Mugabe had led one of two guerrilla groups that liberated the former Rhodesia from a white-minority regime, a conflict that left an estimated 30,000 dead. Mugabe won democratic elections in 1980 but soon consolidated his power. He unleashed his North Korean-trained Fifth Brigade on a rival guerrilla force, killing an estimated 20,000, including thousands of civilians. The world was slow to react, but finally, in 2003, the U.S. levied sanctions against Mugabe and his cohorts, threatening any U.S. individuals or companies that backed them. By 2008, when McGee was ambassador, Mugabe and his ruling party had wrecked...

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TAGGED: Africa, Robert Mugabe, Zimbabwe

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