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Corruption still a big problem

Chivayo was arrested last week on corruption charges while trying to flee the country when he had gotten wind that law enforcement agents were looking for him.

The controversial businessman and his company — Intratek Zimbabwe (Private) Limited — are being charged with fraud, money laundering and contravening two sections of the Exchange Control Act.

Intratek entered into deals with power utility Zesa Holdings and its subsidiary, the Zimbabwe Power Company (ZPC) worth $200 million for the Gwanda Solar Project without following proper tender procedures.

Source :

Nehandaradio

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