Home | World | Africa | ZCDC fires entire executive
VIDEO: President Robert Mugabe Dozes Off at State Function While Wife Humiliates Presidential Spokesperson
4 easy ways to transfer money to China

ZCDC fires entire executive

The Zimbabwe Consolidated Diamond Company ZCDC has fired its entire executive who have been accused of fomenting corruption in the company.

The company's image has been bruised by underhand dealings that have seen the country's diamongd wealth benefiting only a handful of connected people.

In a statement the company said the chief executive officer, chief finance officer, supply chain officer, chief human resources executive, chief security officer, engineering executive and audit executive have been relieved of their duties with immediate effect.

"The chief operation officer, Roberto Depetro has been appointed acting chief executive officer with immediate effect until further notice," read the statement

The board has simultaneously embarked on a confidence building exercise for ZCDC. The ZCDC board would like to assure its stakeholders and partners on its continued commitment to strengthen its systems and processes for business continuity and realisation of its vision to becoming a world class diamond producer."

Recently ZCDC finance director Charles Gambe was arrested by the police for criminal abuse of office after he allegedly bought 1200 bags of cement at Larfarge Cement for personal use using employer's account.

chief executive officer Morris Bekezela Mpofu was arrested for recommending a blacklisted smuggling ex-convict to buy diamonds from the Minerals Marketing Corporation of Zimbabwe (MMCZ).

ZCDC is a Private Limited Company, wholly owned by the Government of Zimbabwe through the Zimbabwe Mining Development Corporation (ZMDC) which has 100% shareholding in the company.

CLICK HERE TO READ MORE FROM: Africa Visit website


view more articles

About Article Author

Chuka (Webby) Aniemeka
Chuka (Webby) Aniemeka

Chuka is an experienced certified web developer with an extensive background in computer science and 18+ years in web design &development. His previous experience ranges from redesigning existing website to solving complex technical problems with object-oriented programming. Very experienced with Microsoft SQL Server, PHP and advanced JavaScript. He loves to travel and watch movies.

View More Articles

100 Most Popular News

1 2 Displaying 1 - 100 of 171