Zinara boss a liar, says court

Zinara boss a liar, says court
Published: 10 May 2018
THE High Court has described Zimbabwe National Roads Administration (Zinara) chief executive Nancy Masiyiwa-Chamisa as "a liar", in a recent judgment with far-reaching consequences on Zimbabwean industries' operations in a foreign currency-starved market.

In the April 26th ruling, Justice Amy Tsanga not only acquitted five senior managers, including Simon Taranhike and Precious Murove, for allegedly fleecing the parastastal of $2 million, but also cleared some companies - mainly Access Finance and two others - from which some money had been sought to pay a foreign creditor.

According to the court papers, the Zinara issue and arrangements could not be looked at or concluded without consideration of the "social and economic realities that companies were only surviving on alternatives supplies of hard cash where the government had failed to provide such relief or money".
- fingaz
Tags: zinara,


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