Air Zimbabwe trying to recover US$10m stolen by managers


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Air Zimbabwe is trying to recover about US$10 million that it was defrauded of through an insurance scam by some of its top managers. A forensic audit recommended that acting general manager Norbert Machingura, finance and administration manager Patience Tichagwa, general manger human resources Oswald Madziwa and former general manager finance and corporate services Oswell Matore should be charged but so far only company secretary Grace Pfumbidzayi, acting general manager Innocent Mavhunga and his predecessor Peter Chikumba have been arrested and charged with defrauding the national airline. Navistar Insurance Brokers managing director Givemore Nderere, director Vukile Hlupo and finance and company secretary Orton Mawire have also been arrested and charged with defrauding the national airline of two million euro.

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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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