Gideon Gono Business Engulfed By ‘Mysterious Fire’

Former Reserve Bank of Zimbabwe governor Gideon Gono’s offices were damaged by fire in a suspected case of arson by his company management.

The company, TD Investment has interests in real estate, consultancy, and also poultry farming.

Gono unearthed fraudulent activities by the top management at his company reported having prejudiced him of millions of dollars.

In an attempt to destroy the evidence of the ‘crime’, the offices of the company located along Mutoko Road were set on fire.

The fire was, however, put out by the Fire Brigade and staff at the farm.

In a notice to the TD Holdings management and staff, Gono revealed that chief executive officer Velenjani Lupankwa was sent on leave to pave way for a thorough audit. Said Gono:

Please be advised that I have, in terms of the relevant sections of our labour laws, suspended from work…Lupankwa who was, from May 2019 to date the TD Group CEO designate.

The suspension, which is with immediate effect, is meant to pave the way through an audit in affairs of Slaughterland (Pvt) Ltd/ Lunar Global Foods and related entities that were directly under the control and management of Lupankwa in his capacity as CEO of the SBU since he rejoined the group in March/April 2017.

My attention was recently drawn to allegations of his acts of commission or omission with potentially serious financial consequences detrimental to the organisation, including material under-disclosures and other misdemeanours inconsistent with the trust bestowed upon him in terms of duty of care and maximum diligence.

Gono confirmed the development to the Daily News that there was indeed a serious fire at his offices. He said:

I am not yet ready to talk to the press on this matter as investigations are in progress.

Yes, there was a mysterious fire at a time we commenced investigations into allegations of misconduct, improprieties and corruption directed at the top and middle management of the business as well as abuses of office that have led to our systems being compromised to the detriment of the well being of the business.

More: Daily News

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3 comments on “Gideon Gono Business Engulfed By ‘Mysterious Fire’

  1. This is what happen when you built your empire through crooked means of corruption.Gono is a known corrupt crook. I don’t feel pity for him he is reaping what he sow.

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