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Former ZINARA CEO Explains How He Got His Millions

4 years agoMon, 09 Sep 2019 00:04:58 GMT
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Former ZINARA CEO Explains How He Got His Millions

Former Zinara boss has explained his millions in a statement to the police, The Herald reports. Chitukutuku had previously been ordered to submit a detailed statement to the head of Asset Forfeiture Unit within 30 days of how he acquired his assets which include:

  1. Two Mazda T35 trucks,
  2. A Hino Dutro truck,
  3. Toyota Land Cruiser,
  4. Toyota Prado,
  5. Nissan NP200,
  6. Range Rover,
  7. Hino Ranger
  8. A Land Rover Discovery.
  9. Property measuring 4 048 square metres held under Deed of Transfer 3232/11 situated at Lot 1 of Lot 3 of Lot 56A Borrowdale Estate, Harare
  10. Another one measuring 8 853 square metres held under Deed of Transfer 3885/11 situated at Lot 3 of Subdivision C of Subdivision B of Subdivision D of Nthaba of Glen Lorne
  11. A multi-million dollar thatched precast-walled house at the top of a mountain at Belmont Farm, Goromonzi
  12. Six state-of-the-art fowl runs,
  13. Five tractors,
  14. A 10-tonne UD truck,
  15. 4 x 200-litre PVC water tanks
  16. As well as several structures at the farm
  17. Chitukutuku is also said to be the owner of Farm Pride (Private) Limited situated at 49 Kent Road, Chisipite, Harare
  18. An insurance company, Champions Insurance, which boasts of assets estimated at over US$15 million.

Chitukutuku is being investigated for fraud under the Money Laundering and Proceeds of Crime Act (2013). Authorities are empowered to scrutinise individuals’ wealth for the purposes of arresting crimes such as corruption and money laundering.

Chitukutuku has given a statement to the police and the police asked that he be patient. Assistant Commissioner Paul Nyathi said:

We can confirm that we received the statement and we are now looking into the issue. He (Chitukutuku) must wait for the due processes of the law to be followed

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