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By Freeman Razemba CMED (Pvt) Ltd managing director Davison Mhaka has been arrested on allegations of obstructing the course of justice after he reportedly cooked up papers showing how $2,7 million in the botched fuel deal was spent. Mhaka was arrested on Monday and appeared before Harare provincial magistrate Mr Vakayi Chikwekwe yesterday facing charges […]
By Felex Share The net is closing in on high-ranking officials involved in siphoning $3 million from CMED (Pvt) Ltd through a botched fuel deal with reports indicating that Transport and Infrastructural Development officials benefited from the massive scam. The Minister of Transport and Infrastructural Development, Dr Joram Gumbo, yesterday said Government was now “fully […]
HARARE – International oil firms have established a cartel which is conniving on retail fuel prices on the local market, preventing a cut in prices industry and other interest groups say could have significantly helped heal the frail economy.
CMED Ltd has implicated its managing director Mr Davison Mhaka in the US$3 million fuel scam and accuses him of trying to conceal incriminating evidence. Also implicated is the parastatal’s fuels manager, Mr Brian Manjengwa.