Former Mines and Mining Development secretary Francis Gudyanga’s case has been postponed to January 15 next year.
Gudyanga allegedly made fraudulent payments of $1,6 million from the Minerals Marketing Corporation of Zimbabwe (MMCZ) coffers to Glammer (Pvt) Ltd, a foreign company through a local agricultural company, Pedstock. Gudyanga (69) was further remanded after the State requested a postponement, so that they could get a statement from the Zimbabwe Republic Police, where some of the funds were funnelled. Gudyanga is on $500 bail.
It is the State’s case that between September 2014 and December 2015, Gudyanga, acting in his capacity as the Mines and Mineral Development secretary, and sometimes as chairperson of then nonexistent MMCZ board, misrepresented that they paid $1 629 500 to Glammer (Pvt) Ltd, a foreign company through a local agricultural company, Pedstock.
Gudyanga further misrepresented that the money be accounted to as dividends due to the government as a stakeholder. MMCZ, acting on Gudyanga’s misrepresentation, released the $1 629 500 to Pedstock when the money was not being paid to government as dividend but for a private arrangement which had nothing to do with MMCZ.
Francis Gudyanga is the Zimbabwean permanent secretary of the Ministry Mines and Mining Development. Read More About Francis Gudyanga
The Zimbabwe Republic Police is the country's law enforcing and maintaining organ. It was established in 1980 evolving from the Rhodesian Police and incorporated members from both the Rhodesian and the nationalist forces. It operates under the Ministry of Home Affairs. Read More About Zimbabwe Republic Police
Minerals Marketing Corporation of Zimbabwe (MMCZ) was established through an Act of Parliament (MMCZ Act Chapter 21:04) and began operations in March 1983. It is 100% owned by the Government of Zimbabwe and falls under the ambit of the Ministry of Mines and Mining Development.... Read More About Minerals Marketing Corporation of Zimbabwe