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The new Air Zimbabwe board led by Mr Valentine Sinemane is pushing for the arrest and specification of five senior managers implicated in the aviation insurance scam in an attempt to trace and recover $10 million the national airline was defrauded.
Revelations that around US$10 million was looted from Air Zimbabwe by senior management there and Navistar Insurance Brokers have opened the lid on the poor state of public administration and opacity in State-linked enterprises.
HARARE – A forensic audit report on Air Zimbabwe’s aviation insurance has implicated senior managers in the looting of nearly US$11 million over a four-year period between 2009 and 2013.
Fresh details of the leadership crisis at Air Zimbabwe (AirZim) have emerged, with forensic auditors exposing possible manipulation of aviation insurance policies by past and present bosses, which could have prejudiced the State-run airline of millions of United States dollars between 2009 and this year.