NetOne CEO faces fraud charges

NetOne CEO faces fraud charges
Published: 10 August 2018 (292 Views)
SUSPENDED NetOne chief executive officer Mr Lazarus Muchenje, is reportedly facing criminal investigations in South Africa and the Democratic Republic of Congo over allegations of defrauding his previous employer Intarget Mobile Advertising of an undisclosed amount.

Mr Muchenje was suspended from the State-owned mobile operator early this week for alleged "gross misconduct" relating to how he handled expired contracts for nine senior managers. He was suspended on Tuesday without pay and benefits pending an investigation.

Intarget Mobile Advertising chief executive officer Mr Norman Parking, is said to have written an email on Tuesday informing the NetOne board of the said criminal investigations.

Mr Muchenje was previously employed by Intarget Mobile Advertising.

The email seen by this publication reads: "I became aware of the case between yourself and Lazarus Muchenje in the media. I wish to send this email to notify you of criminal investigations against Lazarus Muchenje in both South Africa and DRC, for defrauding the board and shareholders of his previous employer, Intarget Mobile Advertising. I wish to collaborate with yourselves to bring Mr Muchenje to task. Please make contact with me should you wish to explore this collaboration."

NetOne board chairman Mr Peter Chingoka, could neither confirm nor deny that they received word from Intarget CEO, saying the matter was under judicial consideration hence he cannot comment on it.

Said Mr Chingoka: "It's too early for me to comment. The matter is under sub-judice."

He, however, said the board was not aware of any outstanding matters before they employed him in April. When contacted for comment, Mr Muchenje said he was no aware of the investigations and was hearing about them for the first time.

"I can't comment but I don't know of any investigations. I've never heard about them. I assume if they were true I'd know about them and I'd be in jail but I don't know of anything," he said before referring all questions to his lawyers at Titan Law for a detailed comment. However, officials from his legal team said they have no comment.

Speaking on the suspension of Mr Muchenje, Minister of Information Communication Technology (ICT) and Cyber Security Mr Supa Mandiwanzira, said he is yet to receive full report from the board. He, however, said the board was empowered to take any action that they consider appropriate.

Minister Mandiwanzira expressed doubt that Mr Muchenje's suspension will affect the mobile operator's performance considering that he was employed in April this year.

"I know from the statement that the board issued that nothing will change. That's what they (the board) have assured the nation that things will continue as normal," he said.

The directors whose contracts Mr Muchenje had refused to renew, which were then extended by the board, are Brian Mutandiro, Sibusisiwe Ndlovu, Clever Isaya, Nancy Murove, Innocent Mukanditsama, Jennifer Muketiwa, Raphael Mushanawani, Cleopas Kadzimu and Solomon Manda. They are all cited as respondents in the High Court case.

- the herald

Tags: NetOne, CEO, Fraud,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Churches condemn shooting of civilians

by Staff reporter | 17 January 2019 | 81 Views

Mnangagwa's pronouncement was not the whole truth

by Staff reporter | 17 January 2019 | 93 Views

Zimbabwe doctor group reports 68 gunshot wounds

by AFP | 17 January 2019 | 67 Views

Tendai 'Beast' Mtawarira named Sharks vice-captain

by Staff reporter | 17 January 2019 | 54 Views

'Zimbabwe to have another GNU as fuel price drops'

by Mandla Ndlovu | 17 January 2019 | 154 Views

Kirst Coventry resigns?

by Mandla Ndlovu | 17 January 2019 | 149 Views

ZSE charms investors

by Staff reporter | 17 January 2019 | 46 Views

MDC denies hand in mayhem

by Staff reporter | 17 January 2019 | 55 Views

Court frustrates lawyers representing Zanu-PF youths

by Staff reporter | 17 January 2019 | 57 Views

Zanu-PF behind acts of violence, says Court

by Staff reporter | 17 January 2019 | 66 Views

Hundreds arrested in violent crackdown

by Staff reporter | 17 January 2019 | 33 Views

Mnangagwa's Govt unleashes soldiers in civilian clothes

by Staff reporter | 17 January 2019 | 43 Views

Musona leaves Anderlecht

by Staff reporter | 17 January 2019 | 62 Views

Mnangagwa's fuel price hike backfires badly

by Africa News | 17 January 2019 | 51 Views

Mnangagwa maintains freeze on WhatsApp

by newzimbabwe.com | 17 January 2019 | 47 Views

Mutsvangwa slams Mnangagwa's 'forex allocation economy'

by newzimbabwe.com | 17 January 2019 | 69 Views

Mnangagwa talks up mega deals

by Staff reporter | 17 January 2019 | 194 Views

Mnangagwa says no justification for violence

by Staff reporter | 17 January 2019 | 175 Views

#ZimbabweShutDown organisers to pay for damages, says Govt

by Staff reporter | 17 January 2019 | 238 Views

SA backs new Zimbabwe currency

by Staff reporter | 17 January 2019 | 252 Views

Mnangagwa assures foreign investors

by Staff reporter | 17 January 2019 | 109 Views

Doctors in Zimbabwe train for seven years

by Staff reporter | 17 January 2019 | 89 Views

Chamisa unleashes touts to punish supporters

by Staff reporter | 17 January 2019 | 137 Views

Jonathan Moyo shamed for peddling falsehoods

by Staff reporter | 17 January 2019 | 101 Views

60 more in court for public violence

by Staff reporter | 17 January 2019 | 69 Views

WATCH: She's on fire, SA woman shads a tear for Zimbabwe

by Staff Reporter | 17 January 2019 | 64 Views

CAF boss dumps Chiyangwa?

by Staff reporter | 17 January 2019 | 102 Views

Mnangagwa to probe NGOs inciting violence

by Staff reporter | 17 January 2019 | 61 Views

The evil hand of civil society, MDC-Alliance

by Panganai Kahuni | 17 January 2019 | 95 Views

Zanu-PF youths lead 'operation restore sanity'

by Staff reporter | 17 January 2019 | 101 Views

Fugitive prisoner arrested

by Staff reporter | 17 January 2019 | 80 Views

Former Zanu-PF MP freed on bail

by Staff reporter | 17 January 2019 | 74 Views

Man fatally assaults sister's lover

by Staff reporter | 17 January 2019 | 80 Views

Residents call for Zupco return

by Staff reporter | 17 January 2019 | 76 Views

Calm returns to Midlands

by Staff reporter | 17 January 2019 | 34 Views

Violent protests rock Mutare

by Staff reporter | 17 January 2019 | 51 Views

Stop using children to push political agenda

by Staff reporter | 17 January 2019 | 79 Views