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Labrish
Nyuuz
ZACC wrecks NetOne CEO over US$1.2M deal
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[QUOTE="Munyaradzi Mafaro, post: 62582, member: 636"] Zimbabwe's Anti-Corruption Commission detained NetOne Chief Executive Raphael Mushanawani on Monday, accusing him of fraud worth more than $1.2 million. Authorities say the telecommunications executive authorized irregular payments while the state-owned company was replacing its accounting software in 2022. NetOne had contracted Farevic Systems for $3.5 million to install new Enterprise Resource Planning software. Investigators allege Mushanawani and finance officer Christopher Muchechemera hired Lunartech Solutions to upgrade the old system that was being replaced. The Lunartech contract began at $257,600 but grew through two addenda to exceed $1.2 million. Anti-corruption officials say Mushanawani approved another $79,467 payment to Diztech for services already covered under the Farevic agreement. The commission claims all transactions bypassed NetOne's executive committee and board. Mushanawani was scheduled to appear in Harare Magistrates' Court on Tuesday. [/QUOTE]
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Labrish
Nyuuz
ZACC wrecks NetOne CEO over US$1.2M deal
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