Govt investigators demand Chivayo bank statements

By: 
Denis Gwenzi

Wicknell Chivayo

Source: 
Own Correspondent

THE National Economic Conduct Inspectorate (NECI) has demanded that flamboyant and controversial businessman Wicknell Chivayo submits to the government agency bank statements dating back to January 2015.

The development confirms reports that the authorities are investigating the famed tenderpreneur who has regularly flaunted his riches and ties to former President Robert Mugabe and his family.

A former convict at Harare’s Chikubi prison, Chivayo has won contracts worth more than $200m with power utility ZESA. Critics say the deals represent part of the corrupt tenderpreneurship rampant under Mugabe’s regime.

Earlier this month, Chivayo and his lawyers denied reports that he had been arrested over the ZESA deals.

Among the issues attracting the interest of anti-corruption agencies is the payment of $5mln to Chivayo by ZESA unit, the Zimbabwe Power Company (ZPC). The businessman insists that there was nothing irregular about the payment.

Letters to the businessman seen by this publication indicated he held a meeting with NECI officers after a December 7 request to submit several documents relating to his company Intratek Zimbabwe’s dealings with ZESA.

The NECI is a government agency which is mandated to ensure that the country is not prejudiced through “prejudicial transfer pricing as well as unfair business practices such as externalisation”.

In its December letter to Chivayo, the agency said as part of an “exercise it is carrying”, the businessman must “expeditiously” provide it with the following documents:

1) All contracts/agreements entered into with the Zimbabwe Power Company (ZPC)

2) Intratek’s banks statements from January 2015 to date

3) Cash books

4) All other documents pertaining to the Gwanda Solar Project and Munyati Power Station.

According to the NECI, after the December letter requesting the documents, a meeting was subsequently held on the same day between the agency and Chivayo.

However, another letter from the agency dated December 12 indicates that the businessman had still not supplied the requested data.

The NECI, says it was “still waiting for urgent delivery of the documents” and urges “expeditious submission” of the same. 

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