NetOne crisis: Zacc, AG pounce on State-owned entity

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THE Zimbabwe Anti-Corruption Commission (Zacc) and Auditor General (AG)’s office are reportedly investigating the government-owned telecommunications company, NetOne, for alleged illicit activities, Zim Morning Post has learnt.

A NetOne insider told this publication that Zacc and the office of the AG were on NetOne’s case following alleged corrupt and other illegal activities within the telecoms company.

Zacc, together with AG Mildred Chiri, is launching an investigation on the entity following recent cases of alleged corruption within the board lately,” said the source.

The investigations were triggered by the recent internal audit report which contained allegations that the suspended former chief executive, Lazarus Muchenje and his finance manager were into illicit deals, including the embezzlement of funds.

Muchenje and his finance manager are alleged to have implemented unilateral decisions (which were outside the board’s approval), a move that ignited some boardroom squabbles.

“There is also the issue of buying fuel from the black market, with rates which were too high. The prices were way above the Zimbabwe Energy Regulating Authority (Zera) approved rates, and this is a breach of the Zera laws,” a source told Zim Morning Post.

Early this month, Information Communication Technology minister Jenfan Muswere read the riot act to all State-owned telecoms companies following widespread reports of financial misappropriation and corruption within the entities.

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