Monday, July 22, 2019
Home > Business > ZESA Paid US$4.9m For Transformers Which Are Yet To Be Delivered…9 Years Later: Auditor General Unearths Rot

ZESA Paid US$4.9m For Transformers Which Are Yet To Be Delivered…9 Years Later: Auditor General Unearths Rot

Auditor-General Mildred Chiri has exposed another case of corruption and mismanagement at struggling power utility ZESA.

In her latest report, the Auditor General revealed that 9 years ago, ZESA subsidiary ZETDC paid US$4.9m to a firm called Pito Investments for transformers. Up till now, the transformers were never delivered.

She went on to expose another transaction in which the other ZESA subsidiary the Zimbabwe Power Company again paid well over US$560 000 for the same company to supply another set of transformers.

Unsurprisingly, the company did not deliver again.

According to The Herald, Pito Investments is owned by Alexio Chideme.

It also shares a physical address and PO box with Enleaver Investments, whose General Manager is Herbert Paradza, according to LinkedIn.

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