Innscor in bed with Mujuru

Innscor Africa Limited has created a slush fund which is channelled through businessman and former Zanu-pf Mashonaland East provincial chairperson Ray Kaukonde to fund the activities of the Mujuru putschist cabal that is angling to go by the name Zanu-People First.

Kaukonde is a close associate of ousted former Vice President Joice Mujuru and was the financial fulcrum of the faction.

The elaborate Innscor Africa scheme has seen Innscor move $2 million into the Mujuru-owned Africa Consolidated Resources in addition to paying Kaukonde a monthly princely sum of $34 500 which is neither a salary since he is not employed by Innscor Africa Limited nor a dividend.

Sources close to the developments believe the money paid to Kaukonde might have begun as part of a protection fee for Mujuru who is accused of extorting shareholding from various companies in addition to demanding 10 percent bribes as facilitation fees.

Documents show that Kaukonde has been regularly receiving the $35 000 monthly through one of his companies Scotia Steel through a Stanbic Bank Account 022077012401.

He was also recently paid $2 million by ACR ostensibly to settle an Interfin Bank account.

Interestingly, Interfin Bank shut down about three years ago, raising questions as to what the $2 million paid to Kaukonde was for.