Breaking News

4 Cottco bosses arrested

by Staff reporter
09 November 2018 | 2021 Views
The Zimbabwe Anti-Corruption Commission has arrested four Cotton Company of Zimbabwe managers fingered in illegal cotton trading, prejudicing the country of millions of dollars.

Managing director Pious Manamike, head of finance Brighton Chibhamu, Lameck Machumi (sales) and freight manager Charles Masunungure were yesterday being held by the anti-graft body for questioning and are likely to appear in court today.

Zacc chief investigations officer Alex Masiye confirmed the commission was holding the four for questioning.

"We are with them (the four Cottco managers) interviewing them. Can you call later," Masiye said last night.




The four are allegedly part of a cartel of Cottco executives working with high-profile politicians in illegal trading of cotton, prejudicing the State of over $2,5 million in foreign currency by diverting the white gold meant for export to illegal local buyers.

Only $707 000 was said to have been recovered from the $2,5 million.


Cottco Bosses Arrested

Source: newsday

Comments

Latest News

'What unites us is stronger than what divides us' argue Mnangagwa - we...

by Patrick Guramatunhu | 23 January 2019 | 0 Views

ZEC testifies in Biti case - The Zimbabwe Electoral Commission (ZEC) h...

by Staff reporter | 23 January 2019 | 165 Views

Mnangagwa mourns Tuku - President Emmerson Mnangagwa has sent a messag...

by Staff reporter | 23 January 2019 | 138 Views

ZANU PF officials disrupt lessons at secondary school - ZANU PF offici...

by Simbarashe Sithole | 23 January 2019 | 1171 Views

Tribute to Oliver 'Tuku' Mutukudzi

by Dr Masimba Mavaza | 23 January 2019 | 1318 Views

130 000 flee army killings to South Africa

by Mandla Ndlovu | 23 January 2019 | 4563 Views

'I failed to change ZANU PF from within' says Jonathan Moyo

by Mandla Ndlovu | 23 January 2019 | 4926 Views

Kombi drivers refuse to leave bus terminus - COMMUTER omnibus drivers ...

by Staff reporter | 23 January 2019 | 4381 Views

New twist in Tendai Biti case - MDC Alliance Harare East MP Tendai Bit...

by Staff reporter | 23 January 2019 | 3326 Views

BREAKING: Prophet Makandiwa cleared over 'fake prophecies'

by Staff reporter | 23 January 2019 | 2859 Views

Social Media reacts to music legend Oliver Mtukudzi's death

by Staff reporter | 23 January 2019 | 4412 Views

The fantasy that Mnangagwa would fix Zimbabwe is now fully exposed - A...

by David B Moore I The Conversation | 23 January 2019 | 2103 Views

MDC MPs languish in Hwahwa prison

by Mandla Ndlovu | 23 January 2019 | 2041 Views

Zimbabwe begins to settle IATA debt - The government has started servi...

by Staff reporter | 23 January 2019 | 745 Views

Mawarire bail hearing delayed

by Agencies | 23 January 2019 | 476 Views

'Mnangagwa beware of Chiwenga' Malema warns

by Mandla Ndlovu | 23 January 2019 | 11932 Views

Zimbabwe shutdown, a noble cause but many things went wrong!

by Nomazulu Thata | 23 January 2019 | 1499 Views

Post-Election violence commission submission - I am an independent mem...

by Terence Simbi | 23 January 2019 | 927 Views

ZANU plot against MDC officials exposed

by Bekithemba Mpofu | 23 January 2019 | 3635 Views

UK piles pressure on Mnangagwa

by ZimLive | 23 January 2019 | 7266 Views

MDCs welcome Mnangagwa's call for dialogue

by newzimbabwe | 23 January 2019 | 2586 Views

Mthuli Ncube vows bold economic turnaround

by ZimLive | 23 January 2019 | 1446 Views

Mnangagwa's move to go after rogue soldiers welcomed by analysts

by Staff reporter | 23 January 2019 | 978 Views

UK Lord urges Zimbabwe recolonisation

by newzimbabwe | 23 January 2019 | 2183 Views

High Court ruling on Internet hailed - Information, communication and ...

by Staff reporter | 23 January 2019 | 1 Views

WATCH: George Charamba defends army killings

by Mandla Ndlovu | 23 January 2019 | 500 Views

Entertainment

Oliver Mutukudzi had blood cancer?

by Mandla Ndlovu | 23 January 2019 | 110 Views

'Why do you worship guns?' Mnangagwa asked

by Mandla Ndlovu | 23 January 2019 | 1922 Views

BREAKING: Oliver Mtukudzi dies

by Mandla Ndlovu | 23 January 2019 | 10535 Views

Ailing Mtukudzi misses Coca-Cola awards

by Staff reporter | 23 January 2019 | 3135 Views

LISTEN: Tocky Vibes disses soldiers

by Mandla Ndlovu | 22 January 2019 | 3224 Views

Africa Human Rights Film Festival

by Agencies | 18 January 2019 | 150 Views

Mahlalela ropes in Omkhula in new film

by Staff reporter | 13 January 2019 | 375 Views

Sandra Ndebele reflects on music journey

by Staff reporter | 11 January 2019 | 309 Views
iBlog

Ios 9 Features Inspired By Android

apple announced ios 9 on monday, and while watching the keynote, i had just a little bit of déjà vu. most of ios 9's new features seem to be squarely aimed at apple's biggest rival in mobile: android. specifically, they were about catching up to ... Read More
Sergey 13 June 2015 ago

Samsung Gear Vr Innovator Edition For S6: The Perfect Vr Intro For Professionals

we're drenched in talk about the impending wave of consumer-facing vr headsets about to hit the market, starting at the end of 2015. by contrast, you can walk into a best buy right now and pick up the samsung gear vr innovator edition for the galax... Read More
Sergey 20 June 2015 ago