News / National
Wicknell multi-million tenders deals face probe, heads to roll at ZESA, ZPC
10 Apr 2016 at 08:00hrs | Views
Ex-convict and controversial businessman Wicknell Chivayo multi-million energy deals with the Zimbabwe Power Company are under probe due to his criminal record.
Some Zesa board members are querying how Chivayo, who boost of strong links with First Lady Grace Mugabe was awarded the deals worth $441 million.
He was convicted of fraud in 2004 and jailed at Chikukubi Maximun Prison.
He was convicted of stealing a massive $37 665 000 through false pretence.
"In the past few days, the media has been awash with articles about this gentleman and of concern is that ZPC, during our term, has awarded various multi-million dollar tenders to a convicted fraudster|" reads a document copied to all Zesa board members.
"I think this poses various questions to which we must have answers and take corrective action to contain the financial and reputational risk which this situation presents as the shareholder of ZPC.
"According to the Companies Act, can a convicted fraudster be a director and a shareholder for a company?".
We owe the people of Zimbabwe a better deal than Intratek. If we have integrity, how do we align ourselves with such a company?
"We doubt due to the recent articles, heads will also roll from our principal who has somewhat been dragged to the foray. In my view, the ZPC board and management have a case to answer and so do we as Zesa board".
Some Zesa board members are querying how Chivayo, who boost of strong links with First Lady Grace Mugabe was awarded the deals worth $441 million.
He was convicted of fraud in 2004 and jailed at Chikukubi Maximun Prison.
He was convicted of stealing a massive $37 665 000 through false pretence.
"In the past few days, the media has been awash with articles about this gentleman and of concern is that ZPC, during our term, has awarded various multi-million dollar tenders to a convicted fraudster|" reads a document copied to all Zesa board members.
"I think this poses various questions to which we must have answers and take corrective action to contain the financial and reputational risk which this situation presents as the shareholder of ZPC.
"According to the Companies Act, can a convicted fraudster be a director and a shareholder for a company?".
We owe the people of Zimbabwe a better deal than Intratek. If we have integrity, how do we align ourselves with such a company?
"We doubt due to the recent articles, heads will also roll from our principal who has somewhat been dragged to the foray. In my view, the ZPC board and management have a case to answer and so do we as Zesa board".
Source - The Standard
