By Farai D Hove| Hell has broken loose on Intratrek owner Wicknell Chivayo over his spending of money on hundreds of shoes among other indulgencies (including pink shoes) after receiving $5million of public money for the construction of the Gwanda Solar project.
This comes after he told ZimEye.com and another publication that after receiving the $5 million 2 years ago he has run out of money and now needs a bank loan to start the project.
https://youtu.be/OqbcQCBRsVk
The government’s National Economic Conduct Inspectorate (NECI) has demanded documents relating to the Gwanda Solar Project and the Munyati Power Station.
Chivayo has won nearly $1 billion worth of tenders despite being a Chikurubi prisoner imprisoned for high level fraud and money laundering between 2005 and 2008.
Chivayo last week publicly shrugged off reports that he was arrested over his irregular dealing with the Zimbabwe Electricity Supply Authority (ZESA).
As ZimEye.com has covered him for over 2 years to date, Chivayo has done nothing convincing on the project resulting in the Zimbabwe Power Company (ZPC) taking over the management of the project.
His lawyer, Advocate Thabani Mpofu last week denied the reports that his client was arrested despite being earlier quoted word for word.
The latest development has seen the letter from the NECI demanding that Chivayo supplies Intratrek bank statements from January 2015 to date. The full text reads:
This letter serves as a follow up to the request for documents done through a letter dated 7 December 2017 and a subsequent meeting between NECI officers and the Managing Director, Mr. Wicknell Chivayo, on the same date.
NECI is still waiting for the urgent delivery of the documents below:
• Intratrek Zimbabwe, bank statements from January 2015 to date;
• Cash book; and
• All other documents pertaining to the Gwanda Solar Project and Munyati Power Station held by the company.
An expeditious submission of the above information will be appreciated.
7 Replies to “HELL BREAKS LOOSE ON WICKNELL: Govt Body Demands Bank Statements To Track How $5Million Was Spent”
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Actually heads should roll at ZESA. Why should anybody get a whooping 5 million upfront without anything feasible on the ground.. At least if they had availed the money after he had cleared the land and quiet some substantial work, that could have been reasonable… This is gross incompetence and corruption from ZESA. Heads should roll. it is not entirely fair to blame this whole bad deal on Wicknell.. Bad corporate governance
Hey Mr Reporter, this is very mischevious why highlight on the pink shoes, however one thing for sure is that the $5mln was misappropriated and there is nothing ZPC can do about it serve for approaching the courts for recovery of this loot and part of it which allegedly found its way into the Udenges bank accounts and obviously some other board members of ZPC who facilitated release of the funds.
POMPOUSNESS NEVER RIDES ALONGSIDE PROPER BUSINESS. THIS GUY IS A BIG JOKE. ANYWAY WHAT WAS ZESA’S BUSINESS EXTENDING CREDIT LINES TO PVT INDIVIDUALS? THAT MUSORO BHANGU FORMER MINISTER MUST SHARE HIS LIVING QUARTERS WITH CHOMBO FOR A FEW YEARS
Gucci Grace’s blue eyed boy
i agree with you, let them put him in a corner, were he wont manage to breath, he will say it all.
It wont be long …He will spill the beans soon
Who in government is Chivayo’s relative??? This question begs an answer. Can the media do all of us a big favour by doing a background check on this boy. I do not believe that a person so young can be doing all this by himself. I’m convinced that he is someone’s proxy and that is why he is so arrogant.