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Comment on NetOne CEO Mushanawani arrested in US$1.2 million fraud investigation by Nyoni
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Comments for Zimbabwe Situation
He is accused of ordering costly upgrades on an accounting system that was being phased outSource: NetOne CEO Mushanawani arrested in US$1.2 million fraud investigation – Zimbabwe News NowHARARE –NetOne chief executive officer Raphael Mushanawani was arrested on Monday over allegations of fraud involving more than US$1.2 million, the Zimbabwe Anti-Corruption Commission (ZACC) said.
Investigators say Mushanawani went on to sign two more addendums with Lunartech, inflating the cost of upgrading a system that was already earmarked for replacement to more than US$1.2 million.
ZACC further alleges that Mushanawani entered into another unapproved deal with Diztech, paying US$79,467 for consultancy and training services which were already covered under the Farevic Systems contract.
The transactions were allegedly carried out without the knowledge or approval of NetOne’s executive committee and board.
Mushanawani is expected to appear before the Harare Magistrates’ Court on Tuesday.