Mnangagwa being investigated on 39 cases of fraud

Sources from the Zimbabwe Republic Police (ZRP) told the Independent that Vice President Emmerson Mnangagwa is being investigated on 39 counts of fraud.

The police sources said that the investigations stem from Zanu-PF’s Report of the Committee on Party Investments which was debated by the the party’s politburo on July 27 and August 3 2005. The report reveals that companies supervised by Mnangagwa where in shambles due to mismanagement and corruption. Mnangagwa who was Zanu-PF secretary for administration at the time supervised M&S Syndicate Pvt Ltd which had invested on behalf of Zanu-PF in companies such as Treger Holdings, Jongwe Printers, Mike Appel, Catercraft, Fibrolite as well as Zidlee which failed to take over Delta in 1989.

Zanu-PF also had interests in Southern Africa Re-Insurance Company (SARC), Zidco Holdings, First Bank, National Blankets, Woolworths, Ottawa Building, Jongwe and Nyadzonya farms. Mnangagwa also sat in almost all of the company’s boards.