HomeBusiness

NetOne forgoes legal route, fires top executives suspected of illicit dealings

7 years agoThu, 27 Oct 2016 05:04:01 GMT
Share on FacebookShare on TwitterShare on LinkedIn
NetOne forgoes legal route, fires top executives suspected of illicit dealings

The NetOne board has terminated the contracts of all the managers who were part of the alleged corporate wrongdoing at the parastatal, which saw the Government-owned mobile operator losing millions of dollars through illicit dealings by management particularly in procurement. Price Waterhouse Coopers conducted a forensic audit at the instigation of the Auditor-General’s Office early this year and found a number of irregularities.

NetOne board chairperson, Mr Alex Marufu confirmed the termination of contracts for all the managers who were on forced leave since March this year. He said the terminations were done in the last two weeks. Speaking to The Herald Marufu said,

They were all (contracts of employment) terminated with two weeks’ notice in line with the law. Despite the findings (of the audit) against them, the board chose not to go the route of protracted hearings and possible court proceedings. A few are challenging the decision but the majority have accepted their fate and the company is in the process of paying them off. I cannot reveal the names at this moment in time.

The top executives who were on forced leave are chief executive officer Mr Reward Kangai, Mrs Memory Mandiya Ndoro (executive public relations and special projects), Mr Prosper Muvengwa (executive retail and sales), Mr Lindon Nkomo (legal executive) and Mr Rafael Mushanawani (chief information officer). It is understood that Mr Kangai is one of the employees challenging their expulsion.

More: Herald

Latest Tecno Pop 8 - now available in Pindula.

$94, Cash on Delivery in Harare & Bulawayo.

WhatsApp: 0783 450 793

Tags

0 Comments

Leave a Comment


Generate a Whatsapp Message

Buy Phones on Credit.

More Deals
Feedback