UPDATED: ZACC Arrests NetOne CEO, 6 Managers & A Board Members
4 years agoFri, 15 May 2020 15:41:20 GMT
![UPDATED: ZACC Arrests NetOne CEO, 6 Managers & A Board Members](/_next/image/?url=https%3A%2F%2Fzero.pindula.co.zw%2Fmedia%2Fnews%2Farticles%2Fupdated-zacc-arrests-netone-ceo-6-managers-a-board-members_SULmhkp.webp&w=640&q=75)
ZACC has reportedly arrested suspended NetOne CEO Lazarus Muchenje, a board member, and 6 managers on graft charges. The 8 who are being held at Avondale Police Station are accused of being a part of a controversial decision that saw the board member Paradza Chakona, approving rentals of ZWL $1000 to Muchenje while the market value of the property is supposed to be US $3500.
Additionally, after occupying the property, Muchenje reportedly bought property worth $600 000 without obtaining purchase orders thereby violating company policies.
Source: ZimMorning Post