Cottco under ZACC probe

Cottco under ZACC probe
Published: 13 April 2018
The Zimbabwe Anti-Corruption Commission has launched an investigation into The Cotton Company of Zimbabwe amid revelations the company could have lost millions of dollars in a botched lint deal involving some senior executives, it has emerged.

According to sources familiar with the investigations, the company is understood to have diverted cotton lint that had been paid for by another customer.

To facilitate the release of the order, it is understood that one of the executives instructed some junior officers to divert the consignment that had been already been paid for by one customer—on the pretext that the two clients had agreed on such an arrangement.

This was however done without the knowledge of other executives.
- Business Weekly
Tags: ZACC,


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