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The <a href="https://www.pindula.co.zw/Justice_Mayor_Wadyajena">Justice Mayor Wadyajena</a>-led Parliamentary Portfolio Committee on Agriculture in parly yesterday quizzed GMAZ Chair Mr Tafadzwa Musarara and pointed out the different accounts over what happened to a $9 million loan which GMAZ is claiming it advanced to GMB to refurbish silos, GMB is denying they got the money from GMAZ but from members, Newsday reports.
<a href="https://www.pindula.co.zw/Tafadzwa_Musarara">Mr Musarara</a> directed Wadyajena to a video the president is saying Musarara gave GMB the money to refurbish the silos and even produced an audit report to substantiate his claims and further produced a term sheet from GMB to the GMAZ financial advisers MetBank, who facilitated the loan facility.
However, GMB denied receiving funds to refurbish silos from GMAZ despite Musarara&#8217;s claims and evidence. GMB&#8217;s MD Clemence Guta maintained his position after Musarara produced the report and said:
<blockquote>We never received any money from GMAZ and we repaired our silos using money from sales of maize to millers</blockquote>
According to the publication Wadyajena also dismissed Musarara&#8217;s paperwork:
<blockquote>Wadyajena insisted that the term sheet confirming the disbursement of the US$9 million should bear the term loan, not financing.</blockquote>
More: <a href="https://www.newsday.co.zw/2020/02/ed-sucked-into-us9m-gmb-saga/">Newsday</a>

Pindula News

Musarara Claims GMAZ Gave GMB $9 Million, GMB Says They Never Received Any Money From GMAZ

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