Air Zimbabwe rot exposed

Air Zimbabwe rot exposed
Published: 26 September 2013
Fresh details of the leadership crisis at Air Zimbabwe 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 dollars between 2009 and this year.

The AirZim fleet, which has 8 planes, is insured for $750 million per aircraft per incident, which means every aircraft is annually covered up to $750 million.

Documents at hand are alleging underhand transactions in multimillion dollar aviation insurance deals.

They indicate that AirZim paid $13,8 million to Navistar Insurance Brokers, whose appointment is now at the centre of a crack investigation by BCA Forensic Audit Services.

- Fingaz
Tags: AirZimbabwe,

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