ZACC probes pharmacies in Covid-19 drug scam
by Geraldine Katunga
SOME pharmacies are allegedly diverting onto the black market drugs bought using foreign currency allotted on the Reserve Bank of Zimbabwe auction facility and then resold for much higher prices in foreign currency, with drugs that might be able to alleviate Covid-19 symptoms especially vulnerable to this scam.
These syndicates, which include pharmacies, and other health facilities demand payment in United States dollars despite the fact that they, or their importer or wholesaler, bought their currency at the auctions.
The Zimbabwe Anti-Corruption Commission (Zacc) is now investigating and if hard evidence of the practice is found several pharmaceutical importers and retailers could be arrested.
In an interview, Zacc spokesperson, Commissioner John Makamure, said their offices had been lately inundated with complaints and allegations of this practice.
“Medical supplies are one of those items that have been given priority in the allocation of foreign currency by the RBZ so the importers can bid at the auctions. We have received complaints that some unscrupulous pharmacies were accessing the hard currency to procure Covid-19 drugs. The drugs would be on shelves briefly. They would then de-shelve them and divert them onto the black market,” said Comm Makamure.
“The reports we are receiving are that other pharmacies, upon receiving RBZ auction proceeds they will insist on selling the drugs in foreign currency. The pharmacies are obviously taking advantage of spiralling of Covid-19 cases where more people are desperate.”
He said some of the drugs that have de-shelved but resurfaced on the black market include Ivermectin, an anti-parastic drug that is being studied to establish its efficacy in the treatment of Covid-19 symptoms, with Government having recently authorised its import for further studies.
Already the drug has been found on the black market in what Zacc suspects to have been a ploy by some unscrupulous pharmacies to cash-in from the Covid-19 spike.