'Zacc will probe army-linked firm'

 'Zacc will probe army-linked firm'
Published: 14 August 2019 (104 Views)
ZIMBABWE Anti-Corruption Commission (Zacc) boss Loice Matanda-Moyo says she is not going to hesitate to investigate a company linked to the country's military establishment which her husband Foreign Affairs minister Sibusiso Busi Moyo was a director.

This follows reports that a company called Fernhaven, which SB Moyo was a director, was allegedly fingered in National Social Security Authority (Nssa) corruption.

Moyo is a retired army boss, and is famous for announcing the military coup that removed former president Robert Mugabe in November 2017. However, Matanda-Moyo said Zacc is seized with the matter.

"I have noted the concern of the general public regarding a matter in the Nssa report that cites Fernhaven and Africom.

"Let me reiterate that we are seized with all matters in the specific report and like I have said before, no-one is above the law," Matanda-Moyo tweeted.

"Zacc online findings on the matter will be published in due course and decisive action shall be taken. We shall leave no stone unturned. I anticipate that an update on this case will be posted by Zacc online as I am not personally in charge of this particular investigation.

This comes after the Nssa audit report revealed that Africom, a telecommunications company in which the army owns 51 percent through Fernhaven, borrowed US$15 million from Afreximbank, but failed to service the loan. Nssa, which has a minority 4,5 percent shareholding in Africom, became the sole guarantor of the loan despite misgivings from its board.

Fernhaven insured Nssa by providing security for the loan in the form of Longcheng Plaza Shopping Mall in Harare. Africom persistently defaulted on the loan and in 2015, Afreximbank demanded money from Nssa, which made payments to the bank.

The report said Nssa should have demanded the money from Fernhaven, since the company had provided its property as surety.
This comes as Zacc has upped its fight against corruption, arresting Prisca Mupfumira — a former Cabinet minister — who has since been relieved of her duties.

The former Tourism minister, who was fired by President Emmerson Mnangagwa, is currently languishing in prison while awaiting trial for graft involving millions of dollars. Zacc is also probing former Mashonaland Central Provincial Affairs minister Martin Dinha for crimes he allegedly committed while he was Bindura mayor between 2004 and 2008.

According to a letter, Dinha — who is now the board chairperson the National Railways of Zimbabwe — is being investigated for abuse of office as defined in Section 174 of the Criminal Law (Codification and Reform) Act.

The letter, which is signed by Zacc investigations manager Lovemore Findi, indicates that Dinha is being investigated for allegedly selling a farm to former Cabinet minister Nicholas Goche, converting a grinding mill that had been donated to Bindura Municipality to his personal use among other crimes.

"The then executive mayor ... Dinha bought a council house in March 2008 after council had passed a resolution cancelling the sale of council houses in low-density suburbs," reads part of the letter.

- dailynews

Tags: Zacc,
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