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. Newsday
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